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Wincanton Plc (WIN)

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Wednesday 04 January, 2012

Wincanton Plc

Bank Refinancing


Wincanton plc (`Wincanton') 4 January 2012

Bank Refinancing

On 10 November 2011, Wincanton announced that it was well advanced in
discussions with its banking syndicate for the renewal of the Group's debt
facilities. Following the completion of the disposal of its Mainland European
Operations on 3 January 2012, Wincanton is pleased to announce that it has
concluded the refinancing of its existing bank facility, which was due to
expire in November 2012.

The new facilities are:

  * a £185 million committed bank facility with a November 2015 maturity date.
    This facility is provided by Barclays, HSBC, RBS, WestLB and AIB; and
   
  * a £75 million term facility with M&G UK Companies Financing Fund which has
    a maturity date in November 2021.
   
Eric Born, Chief Executive, commented

"This is an important step in the overall repositioning of Wincanton following
the withdrawal from Europe. It ensures that Wincanton has facilities in place
with a maturity profile that allows the Company to focus on delivering
profitable growth in the solid UK & Ireland business and to generate positive
cashflow in the future."

Ends

For further information, please contact:

Wincanton plc

Eric Born, Chief Executive - 01249 710 000

Jon Kempster, Group Finance Director - 01249 710 000

Buchanan Communications

Charles Ryland / Jeremy Garcia / Catherine Breen - 020 7466 5000