Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

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Accident Exchange (~268)

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Tuesday 04 December, 2007

Accident Exchange

Convertible Notes Pricing

Accident Exchange Group PLC
03 December 2007



** NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES OF AMERICA 
   (INCLUDING ITS TERRITORIES AND POSSESSIONS), CANADA, JAPAN OR AUSTRALIA **


FOR IMMEDIATE RELEASE                                       3 December 2007


                           Accident Exchange Group Plc

     PRICING FOR THE OFFERING OF GBP 50 MILLION CONVERTIBLE NOTES DUE 2013

Accident Exchange Group Plc ('Accident Exchange' or the 'Company') announces
that the offering (the 'Offering') of GBP 50.0 million principal amount of
Convertible Notes ('Notes') due 2013 announced this morning has been completed.
The Company will use the proceeds of the offering to repay GBP 5 million of the
Company's existing secured facility and to provide additional working capital
facilities to the Company and its subsidiaries.

The Notes are structured as 5 year, premium redemption convertible notes with a
fixed coupon of 5.50% (payable semi-annually) and a yield to maturity of 9.75%
per annum. The initial conversion price was set at £1.0773 which represents a
conversion premium of 20% above the £0.8977 reference price. The issue price is
set at 100% and the redemption price is 126.6%.

The Offering is expected to close on or around 4 January 2008, subject to the
passing of certain shareholder resolutions in connection with the Notes at an
Extraordinary General Meeting being called for the purpose ('EGM'). If these
resolutions are not approved, the Company has the option not to proceed with the
issue of the Notes. A circular is expected to be despatched later this week to
shareholders convening the EGM.

It is intended that an application will be made for the Notes to be admitted to
listing on the Official List of the UK Listing Authority and to trading on the
London Stock Exchange plc's Professional Securities Market.

The Offering will be made outside the United States exclusively to institutional
investors and other 'qualified investors' (as defined in the E.U. Directive 
2003/71/EC).

Morgan Stanley is acting as Sole Bookrunner and Lead Manager in connection with
the Offering.


Ends

CONTACTS:

Accident Exchange Group Plc
Steve Evans, Chief Executive                                    08700-116 719
Martin Andrews, Group Finance Director                          08700-053 649

Morgan Stanley
Joel Hope-Bell                                                  020-7425-8698
Antoine de Guillenchmidt                                        020-7677-9726

Numis Securities Ltd                                            020-7260-1000
Chris Wilkinson, Corporate Broking

Bankside
Steve Liebmann or Simon Bloomfield                              020-7367-8888

About Accident Exchange

Based in Coleshill, West Midlands, Accident Exchange delivers accident 
management and other solutions to automotive and insurance related sectors.  
Fully listed, the stock code is LSE: ACE. For further information on Accident 
Exchange, please visit the company's website: www.accidentexchange.com.





This press release does not constitute an offer to sell or a solicitation of an
offer to purchase any securities in the United States. The securities referred
to herein (including the Notes and the ordinary shares of the Company) have not
been and will not be registered under the U.S. Securities Act of 1933, as
amended (the 'Securities Act') or the laws of any state within the United
States, and may not be offered or sold in the United States or to or for the
account or benefit of U.S. persons, except in a transaction not subject to, or
pursuant to an applicable exemption from, the registration requirements of the
Securities Act or any state securities laws. This press release and the
information contained herein may not be distributed or sent into the United
States, or in any other jurisdiction in which offers or sales of the securities
described herein would be prohibited by applicable laws and should not be
distributed to U.S. persons or publications with a general circulation in the
United States. No offering of the Notes is being made in the United States.

This press release is for information only and does not constitute an offer to
sell, purchase, exchange or transfer any securities or a solicitation of any
such offer. This communication is directed only at persons who (i) are outside
the United Kingdom or (ii) have professional experience in matters relating to
investments or (iii) are persons falling within Article 49(2)(a) to (d) ('high
net worth companies, unincorporated associations etc') of The Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together
being referred to as 'relevant persons'). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will be engaged in only with relevant persons.

In connection with the Offering, Morgan Stanley (the 'Stabilising Manager') or
any person acting on behalf of the Stabilising Manager, may over-allot and
effect transactions with a view to supporting the market price of the Notes at a
level higher than that which might otherwise prevail. However, there is no
assurance that the Stabilising Manager (or persons acting on behalf of the
Stabilising Manager) will undertake stabilisation action. Any stabilisation
action, if begun, may be ended at any time, but it must end no later than the
earlier of 30 days after settlement and 60 days after the allotment of the
Notes.




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