Result of Equity Issue

Senior PLC
30 January 2006


FOR IMMEDIATE RELEASE

Senior plc
30 January 2006



                     Senior plc ('Senior' or the 'Company')

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
                THE UNITED STATES, AUSTRALIA, CANADA, OR JAPAN.

 THIS IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES, AUSTRALIA,
                               CANADA, OR JAPAN.

                               Result of placing

Senior is pleased to announce the successful completion of the placing (the
'Placing') announced earlier today. A total of 15,000,000 new ordinary shares of
10 pence each (the 'Placing Shares') have been placed by Hoare Govett Limited
('Hoare Govett') with institutions at a price of 60 pence per share, raising
approximately £9 million before expenses.

The Placing Shares will be issued credited as fully paid and will rank equally
in all respects with Senior's existing ordinary shares, including the right to
receive all future dividends and other distributions (including any final
dividend declared in respect of the year ended 31 December 2005).

The Placing is conditional upon, inter alia, the admission of the Placing Shares
to the Official List of the Financial Services Authority (the 'Official List')
and to trading on the London Stock Exchange's market for listed securities
('Admission'). It is expected that settlement will occur, Admission will become
effective and dealings in the Placing Shares will commence on 2 February 2006.

Application has been made to the Financial Services Authority for the admission
of the Placing Shares to the Official List and to the London Stock Exchange for
the admission of the Placing Shares to trading on the London Stock Exchange's
market for listed securities.

Enquiries to:

Senior plc                                           Tel: [phone]
Graham Menzies, Group Chief Executive                Tel: [phone]
Mark Rollins, Group Finance Director

Hoare Govett Limited                                 Tel: [phone]
Antonia Rowan
John MacGowan
Luke Simpson

Finsbury Group                                       Tel: [phone]
Adrian Howard

The information contained in this announcement is not for release, publication
or distribution, directly or indirectly, to persons in the United States. This
announcement is not an offer of securities for sale into the United States. The
Placing Shares have not been and will not be registered under the US Securities
Act of 1933, as amended (the 'Securities Act'), and may not be offered or sold,
directly or indirectly, in the United States absent registration or an exemption
from registration. There will be no public offering of securities in the United
States. The Placing Shares have not been and will not be registered with any
regulatory authority of any state within the United States.

Hoare Govett, which is authorised and regulated by the Financial Services
Authority, is acting exclusively for Senior and no one else in connection with
the Placing and will not be responsible to anyone other than Senior for
providing the protections afforded to the customers of Hoare Govett or for
providing advice in relation to the Placing or any transaction or arrangement
referred to herein. Hoare Govett can be contacted at 250 Bishopsgate, London
EC2M 4AA.




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