Re. CCC Liquidation

Begbies Traynor Group PLC
18 March 2008

18 March 2008

                           Begbies Traynor Group plc

                  Re: Carlyle Capital Corporation liquidation

Begbies Traynor Group plc, the specialist professional services organisation,
today makes the following announcement in respect of Carlyle Capital Corporation
Limited ('CCC' or 'the Company').

CCC, a publicly-listed company on Euronext Amsterdam N.V., has been placed into
liquidation having announced on 16 March 2008 that shareholders had voted
unanimously in favour of a compulsory winding up proceeding under the Companies
Law in the Royal Court of Guernsey.

Chris Morris, Neil Mather, Alan Roberts and Adrian Rabet of Begbies Traynor have
been appointed joint liquidators and are commencing their investigations into
the Company's affairs with a view to assessing its assets and liabilities so
that an orderly winding up can be achieved.


                                    - Ends -


For further information, please contact:       www.begbies-traynorgroup.com

Begbies Traynor Group plc                      0161 837 1700
Ric Traynor, Executive Chairman
John Gittins, Chief Financial Officer

Shore Capital & Corporate Limited              020 7408 4090
Guy Peters

Smithfield                                     020 7360 4900
Reg Hoare/Katie Hunt/Will Henderson


Notes to editors:

About Begbies Traynor Group:
Begbies Traynor Group plc is a specialist professional services organisation
providing independent professional advice and solutions to businesses, financial
institutions, the accountancy professions and individuals in the areas of
corporate finance, recovery, investigation, risk management, commercial finance
and specialist tax advice. It is listed on AIM (Ticker: BEG.L).

Carlyle Capital Corporation
CCC is a closed-end investment fund domiciled and registered as a limited
company under the laws of Guernsey, Channel Islands. CCC invested in a
diversified portfolio of fixed income assets including high-grade mortgages and
credit products.

The Company completed its initial global offering in July 11, 2007, raising net
proceeds of approximately $322 million. After giving effect to the net proceeds,
pro forma total equity at June 30, 2007 was approximately $880 million. The
portfolio of available for sale financial assets at June 30, 2007 was $22.7
billion.



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