Update - Proposed Disposal of Operating Businesses

10 August 2010

Crosby Asset Management

("CAM" or the "Company")

Update re Proposed Disposal of Operating Businesses

Further to the announcement of 26 July 2010, confirming the posting of the Crosby Capital Limited ("CCL") circular to CCL shareholders, CAM is pleased to confirm that at the CCL EGM which was held today, all resolutions were duly passed.

The full CCL announcement can be accessed at the following link:

http://www.crosby.com/article.web.ViewArticles.do?localeId=en&articleTypeId=-1&cmsTreeNodeId=125

**ENDS**

Enquiries:

Crosby Capital Limited

Ilyas Khan +44 (0) 20 3291 2863

Strand Hanson Limited

Stuart Faulkner/James Spinney +44 (0) 20 7409 3494