VBG1 Update

Wichford P.L.C.

("Wichford" or the "Company")

VBG1 Standstill Agreement Extension

19 March 2010

The Board of Wichford P.L.C., the property investment company, issues a further update on negotiations in connection with the maturity of the €67.50m VBG1 Facility within two of its German subsidiaries.

Further to the announcement made on 1 February 2010, the Servicer has agreed to extend the Standstill Agreement for an additional 60 days until 18 May 2010. Since the last update the Company and the Servicer have continued to make progress with restructuring the loan and both parties remain confident that an agreement, which is beneficial to both the Borrowers and the Lender, can be reached.

Negotiations continue to proceed in line with the Company's expectations and the options communicated during the course of 2009. A further update will be given in due course.

For further details please contact, 

Notes to editors

Wichford P.L.C. (UK Listed: WICH) is a property investment company, with a portfolio focused on investment property occupied exclusively by Central and State Government bodies. Approximately a quarter of the portfolio comprises public sector rented properties in France, Germany and the Netherlands.