TIDMASTR TIDMEVOL

RNS Number : 8901Q

Astaire Group Plc

26 October 2011

Astaire Group PLC

Scheme of Arrangement

to cancel all the issued Astaire Shares not held by

Evolve Capital PLC

Scheme approved by the High Court

For immediate release

26 October 2011

The Directors of Astaire Group PLC ("Astaire") are pleased to announce that the High Court has today approved the Scheme of Arrangement to cancel all the issued Astaire Ordinary Shares other than those held by Evolve Capital PLC ("Evolve").

As all the other conditions of the Scheme have been satisfied or waived, the Scheme will become effective when the Court Order has been filed at Companies House. A further announcement will be released when this has been done, which is intended to be later today.

Enquiries:

Astaire Group Plc Tel: 020 7492 4757

Chris Roberts, Finance Director

Fairfax I.S. PLC

   Nominated Adviser/Broker to Astaire Group Plc                          Tel: 020 7598 5368

David Floyd, Katy Birkin

A copy of this announcement and certain information published or otherwise made available by Astaire in connection with the recommended Scheme is available at:

http://www.astairegroup.co.uk/

Fairfax, which is authorised and regulated in the United Kingdom by the Financial Services Authority, has authorised this Announcement for the purposes of section 21 of FSMA. The principal place of business of Fairfax I.S. PLC is 46 Berkeley Square, London W1J 5AT. Fairfax is acting exclusively for Astaire and no one else in connection with the Scheme and will not be responsible to anyone other than Astaire for providing the protections afforded to customers of Fairfax or for providing advice in relation to the Scheme or any other matter referred to herein.

This Announcement does not constitute, or form part of, an offer or invitation to purchase any securities.

The persons responsible for this announcement are the directors of Astaire. To the best of the knowledge and belief of the Directors of Astaire, the information in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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