MWB Group Holdings Plc. : Interest in Business Exchange now over 75%

FOR IMMEDIATE RELEASE

6 January 2012

MWB GROUP HOLDINGS PLC:

SHAREHOLDING IN MWB BUSINESS EXCHANGE PLC RISES ABOVE 75%

MWB Group Holdings Plc ("MWB" or "Group" or "Company"), the serviced offices to hotels group, today announces that its holding in MWB Business Exchange Plc ("Business Exchange"), the AIM-listed serviced offices provider, has risen above 75% and now stands at 75.22%.

As a result, MWB is now able to consolidate control of Business Exchange, providing a number of benefits for all MWB shareholders, including the ability to further reduce overhead costs across the Group, the strengthening of its ability to negotiate with external lenders, and the facilitating of any ultimate disposal of Business Exchange.

Following a review by the Board of MWB, annualised savings in central overheads of more than £700,000 have already been achieved, representing a 23% reduction, and further cost saving measures are being reviewed.

Shareholders will be aware that from April 2011 to 14 December 2011, MWB was in an offer period and had made a recommended offer for all of the shares of Business Exchange that it did not already own and latterly had been considering a further improved offer for Business Exchange. Throughout this period the Company closely consulted its advisers and Business Exchange shareholders. On 14 December 2011 MWB decided not to proceed with an offer for Business Exchange in the face of opposition from one of Business Exchange's significant shareholders.

During this process MWB indicated to the independent Business Exchange Directors that if its proposals did not become effective it intended to requisition a meeting of Business Exchange shareholders for the purpose of passing a resolution to approve the cancellation of trading in Business Exchange shares on AIM. In a circular to Business Exchange shareholders, the Independent Directors of Business Exchange stated that they did not believe that either Business Exchange or its shareholders gained any advantage in Business Exchange remaining as an independent AIM listed company and that the market in Business Exchange shares was illiquid. The market in Business Exchange shares has since remained illiquid as a small number of third party shareholders control a large proportion of the free float.

MWB and its advisers will therefore now examine ways in which to fulfil its previously stated intention of de-listing Business Exchange. MWB recognises the importance of safeguarding the interests of minority shareholders through the de-listing process. It will endeavour to create a matched bargain structure to enable minority shareholders to trade their shares. De-listing will facilitate further significant improvements to the Group's overall financial position as well as lower central and transaction costs for all Business Exchange shareholders.

The Board of MWB believes that there will be substantial improvements in the financial health of the Company from further cost savings across the Group, by de-listing Business Exchange, and with the improved ability to negotiate banking terms referred to above.

Eric Sanderson, MWB Chairman, commented: "This will represent a further significant step forward in the Company's continuing endeavours to cut costs, improve its banking terms and generate real value for shareholders going forward. We also believe that a de-listing of Business Exchange will be in the best interests of all shareholders."

Ends.

Contact:

Robert Burrow, Non- Executive Director, MWB. Tel: [phone]

Baron Phillips, Baron Phillips Associates. Tel: [phone]