Milestone Group PLC : Warrants - amendment of t...

MILESTONE GROUP PLC
("Milestone" or the "Company")

Warrants - amendment of terms

Further to the announcement made 15 August 2011 in relation to an issue of warrants, the Board is seeking to alter the terms of these warrants.

The Company is seeking to extend the exercise period of the warrants by a period of 1 year, therefore the warrants exercisable at a price of 1.75 pence would be exercisable up until 15 August 2013 and the warrants exercisable at 2.25 pence would be exercised up until 15 August 2014.  All other terms of the warrants would remain unchanged.

The proposal above requires the consent of at least 75 per cent. of the warrant holders.  The Company has today sent a communication to the warrant holders seeking such consent.

A further announcement will be made in due course.

Enquiries:

Milestone Group PLC
Deborah White, Chief Executive	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson	Tel: [phone]
Hybridan LLP, Broker Claire Louise Noyce / Deepak Reddy	Tel: [phone]

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Source: Milestone Group PLC via Thomson Reuters ONE

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