Statement re private placement of loan notes

28 April 2011

                                FIRSTGROUP PLC                                 

FirstGroup announces private placement of loan notes for US Dollar 150 million 

FirstGroup plc ("The Group") has today issued private placement notes for $150m
to Pricoa Capital Group. The notes are unsecured, have a fixed rate coupon of
4.26% per annum and an average duration of 6 years. The proceeds will be used
to reduce bank debt. The notes include terms similar to the Group's 5 year
committed $1.25bn bank revolver facility executed in December 2010.

Commenting, Jeff Carr, Finance Director said:

"Further to the Group's successful bank refinancing in December 2010, this
private placement transaction further improves debt refinancing risk, liquidity
headroom and debt diversity over the medium term, at an attractive fixed
interest rate, and reflects the Group's ongoing pro-active management of its
debt arrangements".

Contacts FirstGroup plc:

Jeff Carr, Finance Director

Tel: [phone]

Rachael Borthwick, Group Corporate Communications Director

Tel: [phone]

Ian Weldon
Group Treasury & Tax Director
Tel: + 44 (0) 1224 562121