TIDMSSV

RNS Number : 1132Z

Siteserv PLC

11 March 2012

Siteserv plc ( the "Group")

As announced on 16 January 2012 the Group is, in conjunction with its advisers, exploring a number of strategic and corporate options for discussion with Irish Bank Resolution Corporation Limited in advance of expiration of its existing debt facilities in December 2012.

The Group is now in advanced discussions which may lead to a sale of all of its operating companies. Such a transaction, should it materialise, will require a vote of shareholders under the AIM and ESM Rules. At this stage it is not possible to quantify the final financial impact for shareholders. However such a transaction is not expected to have any negative impact for staff, customers, key business relationships or suppliers.

A further announcement will be made in due course.

Enquiries:

 
 Siteserv plc 
 Brian Harvey, Chief Executive 
  Niall Devereux, Group Finance 
  Director 
  Tel: +353 1 601 1550 
 
 
 Davy Corporate Finance 
 Des Carville, Director 
  Nicholas O'Gorman 
  Tel: +353 1 679 6363

This information is provided by RNS

The company news service from the London Stock Exchange

END

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