Administration Update

The Core Business ("Core" or the "Company") Pending Appointment of Administrators 19 October 2009 Further to the announcement made on 12 October 2009, a Notice of Intention to appoint Administrators has been filed at Court with a view to appointing T J Binyon and S J Parker of Tenon Recovery as Administrators under the Insolvency Act 1986. A further announcement will be made when possible regarding the Administrators proposals to restructure the Company. ENDS For further information, please contact: The Core Business PLC www.thecorebusiness.co.uk Stirling Murray, Chief Executive 020 8559 8244 Blomfield Corporate Finance Ltd (Nomad) Nick Harriss/Emily Morgan 020 7489 4500 SVS Securities plc (Broker) Alex Brearley 020 7638 5600 Tenon Recovery (Administrator) Trevor Binyon/Steven Edwards 020 7935 5566 Notes to Editors The Core Business was established in May 2004 by Stirling Murray to create, develop, launch and distribute personal care and beauty brands. It also provides consultancy and brand management services. The Company was listed on AIM in March 2006 under the ticker `CORE.'

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