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Brown (N.) Group PLC (BWNG)

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Thursday 09 June, 2005

Brown (N.) Group PLC


Brown (N.) Group PLC
09 June 2005

9 June 2005


N Brown Group Plc announces that its Financial Services division (First
Financial Ltd) has sold its £10.8m personal loans portfolio to an undisclosed
purchaser for cash proceeds totalling £9.95m.

The impairment provisions made within the financial statements for the year
ended 26 February 2005 will be used in part to cover the deficit and the
proceeds will be used to further reduce borrowings. First Financial will
continue to provide brokerage loan facilities together with a complete range of
financial services.

For further information contact:

N Brown Group PLC                    Tel: 0161 238 2000
Alan White, Chief Executive
Dean Moore, Finance Director

Gavin Anderson                       Tel: 0207 554 1400
Charlotte Stone/Fergus Wylie

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