Share Buy-Back, EBT Purchase, Holding in the Group

Jelf Group plc

('Jelf' or 'the Group')

Share Buy-Back, EBT Purchase and Holding in the Group

Jelf, an independent consultancy which provides a broad range of insurance, financial services and employee benefit services to corporates and individuals, announces that, in accordance with the terms of its general authority to make market purchases of its own shares granted to it by shareholders of the Company on 21 February 2013, it bought back 3,364,130 ordinary shares of 1p each in the Group ("Ordinary Shares") at a price of 92 pence per share on 13 May 2013 ("the Purchase"). These shares will immediately be cancelled. The Company advises that, following the Purchase and cancellation, the Company's issued ordinary share capital is 81,969,395 Ordinary Shares. Therefore the Company's total number of Ordinary Shares with voting rights is 81,969,395. The above figure of 81,969,395 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The Group was notified by the trustee of Jelf Group Plc Employee Benefit Trust ("EBT") that the EBT had purchased a total of 966,593 Ordinary Shares on 13 May 2013, at an average price of 92.3 pence per share.

The EBT is a discretionary trust for the benefit of employees of the Group and its subsidiaries. The Executive Directors of Jelf are included in the class of beneficiaries of the EBT and are deemed to be interested in those shares and the dealings thereof.

Following these transactions a total of 3,147,542 Ordinary Shares, representing 3.8 per cent of the Group's total voting rights, are held in the EBT.

Furthermore, Jon Manson has informed the Group that, following the sale of 3,050,844 Ordinary Shares on 13 May 2013, he now holds 5,569,868 Ordinary Shares representing 6.8 per cent of the Group's total voting rights.

Enquiries:

Further information is available about Jelf at the Group's website: www.jelfgroup.com