MWB GROUP HOLDINGS PLC. 
By ?
16 November 2012
MWB Group Holdings Plc
Notice of intention to appoint administrators
Further to the announcement made on 31 October 2012 (the "Announcement") regarding the suspension of trading in the shares and 9.75% Unsecured Loan Stock due 2016 of MWB Group HoldingsPlc (LSE: MWB) (the "Company"), the Company announces today that it has resolved to appoint administrators with immediate effect and hasfiled notice of intention to appointtwo insolvency practitionersat Deloitte LLPas joint administrators to the Company.
Despite ongoing dialogue, there has not been a satisfactory resolution to the issues set out in the Announcement and the uncertainty over potential cash receipts remains. Consequently, and in the absence of any other available facilities to the Company from itsexisting lenders or elsewhere, the Company is, or will shortly be, unable to meet its liabilities as they fall due and the Board of the Company has therefore concluded that, in such circumstances, the appointment of administrators is the most appropriate course of action.
It should be noted that this proposed appointment of administrators only relates to MWB Group Holdings Plc.
MWB Malmaison HoldingsLimited and its subsidiaries,which togetherown and operate the Malmaison and Hotel du Vinhotel chains, and MWB Business Exchange plc and its subsidiaries,which together own and operate the Business Exchange serviced offices business,are not being placed in administration andare expected tocontinue trading normally.
For Further Enquiries
MWB Group Holdings Plc: 020 7706 2121
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