Trading Statement

The Core Business (the "Company) Trading Statement 02 June 2009 The Company has experienced a decline in demand during the last quarter of its financial year as a result of its retailers destocking and a slowdown in consumer demand in the retail sector. Sales for the year as a whole will above those achieved last year, with the poor last quarter being balanced up by a stronger first half. The Company imports all its product ranges and makes its purchases in American and Australian dollars and Euros. As a consequence the Company has seen its gross margins severely eroded by the weakness of the Sterling, while current market conditions have limited new product development. The Company expects losses for the year to be lower than in either of the last two years. As an early stage business that has made and continues to make losses, the Company has been and remains dependent on regularly raising additional capital. The current challenging economic environment is not conducive to raising fresh capital for early stage businesses. The Company is in discussions with both existing and potential sources of capital. If the Company is unable to raise fresh capital then the board will have to consider whether the Company is able to continue in its current form. 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.' -ENDS-

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