Statement re Possible Offer

Cenkos Securities PLC
06 May 2008


                             Cenkos Securities Plc
                          ('Cenkos' or the 'Company')

                                 Re: Statement


The board of Cenkos notes the announcement released by the board of Arden today.
A copy of this announcement is set out below.


'The Board of Arden notes the recent press speculation in respect of a potential
offer for the Company and confirms that it is in preliminary talks with Cenkos
Securities plc ('Cenkos') with a view to a possible combination of the two
businesses, which may or may not lead to an offer being made for the Company.
Whilst there can be no certainty that an offer will be made for the Company or
the terms on which such an offer may be made, the Board of Arden understands
that any such offer for the Company would be likely to be in shares, based upon
or around the respective current share prices of the companies and would be
unlikely to be at a material premium to the current share price of the Company.'


                                      Ends


Enquiries:

Andrew Stewart - CEO Tel: [phone]


Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1 per cent. or more of any class of 'relevant securities' of Arden or of Cenkos,
all 'dealings' in any 'relevant securities' of that company (including by means
of an option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3:30pm (London time) on
the London business day following the date of the relevant transaction. This
requirement will continue until the date on which an offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the 'offer period' otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an 'interest' in 'relevant securities' of Arden or Cenkos, they will be
deemed to be a single person for the purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Arden or Cenkos by Arden or Cenkos, or by any of their respective
'associates', must be disclosed by no later than 12:00 noon (London time) on the
London business day following the date of the relevant transaction.


A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.


'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the Code, which can also be found on the
Takeover Panel's website. If you are in any doubt as to whether or not you are
required to disclose a 'dealing' under Rule 8, you should consult the Takeover
Panel.






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