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Intellego (ARGP)

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Friday 18 June, 2010

Intellego

Update on CVA






For immediate release 18 June 2010

                             Intellego Holdings plc
                         ("Intellego" or "the Company")

                                 Update on CVA

The Directors of Intellego today announce that the meeting of creditors held to
consider the proposed Company Voluntary Arrangement ("CVA") of its subsidiary
Intellego Group Limited approved the proposal.

In order to obtain agreement of HMRC to vote in favour of the Intellego Group
Ltd proposal and specifically because of a group election for VAT  making the
Company jointly liable for Group VAT the directors have been advised that the
best course of action to deal with this liability is for Intellego Holdings plc
to enter into a  CVA with its creditors.   Therefore, an additional CVA proposal
for the Company will be proposed.

If agreed the overall financial effect on the Intellego group of companies
should be similar to the proposal originally announced on 13 May 2010.  It is
expected that the CVA meeting will take place in early July when a further
announcement will be made.

For further information:

Intellego Holdings plc
Angus Forrest / Bruce Leith
Tel: 0845 058 3960

Beaumont Cornish Limited
Roland Cornish
Tel: 020 7628 3396




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