Trading Statement & New Debt Finance

The Core Business ("Core" or the "Company") Trading Statement & New Debt Finance The Company has experienced an improvement in order levels since the Trading Statement made on 2 June 2009. Following the launch of Bloom, the Australian colour cosmetics brand into 100 Superdrug stores in September 2008, the Company has launched the range into 6 Debenhams store in Ireland, into Arnotts a major department store in Dublin, and is currently in negotiation with Superdrug to roll out Bloom into further stores. Grace Your Face, a wholly owned skincare brand, launched in leading French retail chain Monoprix in late June 2009. It is listed in 140 stores across France. PureDerm a distributed skincare brand is in the process of launching into the UK's independent pharmacy sector via a third party sales team. Skin Benefits, a wholly owned brand, is undergoing a relaunch with negotiations underway to launch the brand globally in partnership with a US pharmaceutical distributor. The Company also recently secured its first listing for a variety of its products in Holland and Barrett and launched 1-2 Dry, an innovative personal care product, onto boots.com The Company is also pleased to announce that it secured £50,000 of debt financing through a short-term loan facility from Matt Cooper, Core's Chairman (the "Loan Facility"). The Loan Facility, which is secured on certain specific trade receivables of the Company, which fall payable 45 days after issue, is repayable from their proceeds and carries a fixed interest rate at an equivalent rate of 8 per cent. per annum with the interest accruing daily and a £1,000 arrangement fee. The Loan Facility will enable the Company to finance the increase in orders mentioned above. The directors (other than Mr. Cooper), having consulted with the Company's nominated adviser, consider the terms of the Loan Facility to be fair and reasonable insofar as shareholders are concerned. 15 July 2009 ENDS For further information, please contact: The Core Business PLC www.thecorebusiness.co.uk Stirling Murray, Chief Executive 020 8559 8244 Alastair Kennedy, Finance Director 020 8559 8244 Blomfield Corporate Finance Ltd (Nomad) Nick Harriss/Emily Morgan 020 7489 4500 SVS Securities plc (Broker) Ian Callaway 020 7638 5600 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.'

Companies

Tern (TERN)
UK 100

Latest directors dealings