Restoration to Trading

BEALE PLC

("Beale" or the "Company")

Restoration to Trading

Beale PLC announces that following the publication of the Prospectus in connection with the proposed acquisition of 19 department stores from Anglia Regional Co-operative Society Limited (the "Acquisition"), as announced on 21 April 2011, the Company's shares will be restored to trading with effect from 12 May 2011.

As previously notified, the Acquisition is subject to approval by shareholders at the Extraordinary General Meeting to be held on Tuesday 17 May 2011. If approved the Acquisition is expected to complete on 22 May 2011 ("Completion").

Subject to approval of the Acquisition and Completion the UK Listing Authority will cancel the listing of the Company's ordinary shares ("Ordinary Shares") and applications will be made by the Company to the UK Listing Authority and the London Stock Exchange at the appropriate time for the Ordinary Shares to be readmitted to listing on the Official List and to trading on the London Stock Exchange's Main Market for listed securities ("Readmission"). Readmission is expected to occur on 24 May 2011.

Readmission will not require new share certificates to be issued and the Company name and the ticker will remain BAE.

Further information

Beale PLC

Tony Brown, Chief Executive

Ken Owst, Finance Director

Tel: 01202 552022

Shore Capital (Sponsor and Financial Adviser)

Andrew Raca

Anita Ghanekar

Edward Mansfield

Tel 0207 408 4090