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Homebuy Group PLC (HBG)

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Friday 29 September, 2006

Homebuy Group PLC

Appointment of administrator

Homebuy Group PLC
29 September 2006

For immediate release

29 September 2006

                               Homebuy Group plc

                           ('Homebuy' or the 'Group')

                         Appointment of administrators

On 15 September 2006 David Hargrave, Robert Hunt, Graham Martin and Zelf Hussain
(all of PricewaterhouseCoopers LLP) were appointed to act as Joint
Administrators of Homebuy Group plc, Value Rental Group Limited, Homebuy Direct
Limited, Blackfriar Finance Limited, BC Acquisition (UK)  Limited, Leadenhall
Retail Limited and Temple Finance Limited.

Since the date of their appointment, the Joint Administrators have been seeking
to stabilise the Group and explore expressions of interest in the businesses and
assets under their control. However based on the level of interest to date the
Joint Administrators do not anticipate a return to the Group's shareholders.

 Further announcements will be made as and when appropriate.

Further enquiries:

Stephanie Howel, PricewaterhouseCoopers LLP
Tel:020 7213 2421, E-mail:

                      This information is provided by RNS
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