Court sanctions Scheme

Comland Commercial PLC 12 October 2007 Comland Commercial Plc ('Comland ' or the 'Company') Court sanctions Scheme of Arrangement The Company announces that at a hearing held earlier today, the Court has approved the Scheme of Arrangement approved by Shareholders at a Court convened meeting held on 3 October 2007, giving effect thereby to the acquisition of Comland by MCF Commercial Limited. Dealings in the Company's shares will cease this afternoon and the admission of the Company's shares to trading on AIM will be cancelled with effect from 07.00 on Monday 15 October 2007. The Scheme timetable is set out below. Terms used in this announcement have the same meaning as those terms defined in the Scheme Document posted to Comland Shareholders on 10 September 2007. Enquiries: Comland Commercial Plc 01628 535 777 Chris Martin Grant Thornton Corporate Finance 020 7383 5100 Philip Secrett Colin Aaronson The Company confirms that the timetable for the Scheme of Arrangement remains as follows: Last day for receipt of Form of Election 1.00 p.m. on 12 October 2007 Last day of dealings in, and for registration of transfers of Comland Shares 4.30 p.m. on 12 October 2007 Scheme Record Time 6.00 p.m. on 12 October 2007 Effective Date of the Scheme 15 October 2007 Latest date for dispatch of cheques and 14 days after the Effective settlement through CREST Date Latest date for dispatch of share documentation 14 days after the Effective in relation to MCF Holdings Shares Date This information is provided by RNS The company news service from the London Stock Exchange
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