Sale of Bestpark International Limited

Date: 5 October 2015

On behalf of: Charles Taylor plc ("Charles Taylor" or the "Company")

Embargoed until: 0700hrs

Charles Taylor plc

Sale of Bestpark International Limited

Charles Taylor is pleased to announce that its subsidiary, LCL Acquisitions Limited, has entered into an agreement to sell its holding in Bestpark International Limited ("Bestpark"), an insurance company in run-off, to Ashbrooke Financial Group Limited ("Ashbrooke").

The sale marks an important step forward in Charles Taylor's stated business strategy of reducing its exposure to non-life insurance companies in run-off. Charles Taylor is however still actively seeking acquisition opportunities in the UK international life insurance run-off sector and offers claims management and run-off services to non-life and life (re)insurers in run-off.

The Group owns and consolidates life insurance businesses which are primarily in run-off as part of the growth strategy of its Owned insurance Companies business, creating value through targeted acquisitions and operational efficiency.

Run-off servicing is an area of growth for Charles Taylor's Insurance Support Services (ISS) business, which has recently been appointed by a leading European acquirer of run-off insurance companies to provide run-off claims management services to its portfolio of insurance entities in run-off.

Charles Taylor is exploring its options for its remaining non-life insurance companies in run-off.

The transaction is subject to regulatory approval by the PRA and FCA and is likely to complete around the end of the year or early in 2016

David Marock, Group Chief Executive Officer, Charles Taylor said:

"The sale of Bestpark marks an important milestone in delivering our Owned insurance Companies business strategy. We have been seeking to reduce our ownership of non-life run-off insurers for some time. We will continue to focus our strategy on acquiring life insurance companies in run-off, which offer attractive opportunities and generate cash releases for the Group. In fact, over the last four years we have made four successful life insurance company acquisitions.

"Charles Taylor is still one hundred per cent committed to providing run-off management services to run-off insurers after the sale of Bestpark. We have been active in the sector for many years and offer highly-rated claims management services, complemented up by our run-off management, commutation analysis and negotiation services."

-ENDS-

Notes to editors

About Charles Taylor

Charles Taylor plc is a leading provider of professional services to clients across the global insurance market. The Group has been providing services since 1884 and today employs over 1,200 staff in 69 offices spread across 28 countries in the UK, the Americas, Asia Pacific, Europe, the Middle East and Africa.

The Group offers services, principally on a fee-based model and operates through three businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers, creating value through select acquisitions and operational efficiency.

Further information is available at www.ctplc.com.

Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.