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Accident Exchange (~268)

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Thursday 07 April, 2005

Accident Exchange

Director Shareholding

Accident Exchange Group PLC
07 April 2005

7 April 2005



                  Accident Exchange Group plc (the 'Company')

                             Director Shareholding



The Company was informed yesterday that the Rt Hon Lord Young of Graffham, a
director of the Company, gifted, on 29 March 2005, 50,000 ordinary shares
('Shares') of £0.05 each in the Company to a charitable trust ('Trust').  The Rt
Hon Lord Yound of Graffham is a trustee of the Trust but will no longer have a
beneficial interest in the Shares.  The Rt Hon Lord Young of Graffham, as a
consequence of the transfer to the Trust, will hold 2,661,475 shares in the
Company.



Ends



For more information please contact:



Steve Evans, Chief Executive, Accident Exchange Group plc

Tel:  08700 116719



Martin Andrews, Finance Director, Accident Exchange Group plc

Tel: 08700 053 649



Jonathon Brill/Billy Clegg, Financial Dynamics

Tel: 020 7831 3113



Notes to Editors



About Accident Exchange



Accident Exchange was formed in 2001 to provide ABI (Association of British
Insurers) approved car hire on credit to motorists of prestige cars involved in
non-fault accidents.



Having listed on AIM in April 2004, the Company has grown its car rental fleet
rapidly from 250 to over 800.  The Company reported maiden interim results for
the period ended 31st October 2004. Turnover increased significantly to £7.670
million (2003: £1.136 million, profit before taxation was up to £2.133 million
(2003: £0.303 million, profit before taxation and goodwill amortisation was up
to £2.461 million (2003: £0.303 million), with earnings per share up to 2.3p
(2003: 0.4p). The Company recommended its first interim dividend of 0.5p (2003:
nil).


                      This information is provided by RNS
            The company news service from the London Stock Exchange