Statement re changes to pension arrangements

2 September 2008

                 St Ives plc - Changes to pension arrangements                 

St Ives plc ('the Company') today announces that, following appropriate
consultation with Trustees and employees, it has closed the St Ives defined
benefits pension scheme ('the Scheme') to future benefits accrual from 31
August 2008. The Scheme was closed to new entrants on 6 April 2002.

The Company has invited all members of the Scheme to join a new defined
contribution pension scheme from 1 September 2008. In addition, the Company has
made a lump sum contribution of £20 million into the Scheme in order to reduce
the existing Scheme deficit.

For further information please contact:

St Ives plc    020 7928 8844

Brian Edwards, Chief Executive

Matt Armitage, Finance Director