26 September 2008

Statement re-Suspension

Hardy Amies plc ('Hardy Amies' or the 'Company')

Hardy Amies announces that it has requested that trading in its shares on AIM be suspended with immediate effect pending clarification of the Company's financial position.

The Company has been provided with significant financial support to date in the form of substantial loans from its major shareholder, Arev Brands Limited ('ABL'). The Company recently requested further financial support from ABL to fund ongoing working capital requirements. The Directors of Hardy Amies were confident that the necessary funds would be forthcoming until late yesterday afternoon, when its major shareholder informed the Company that it was unable to provide the requisite finance.

The Directors are considering the options for the Company in the light of this news, which may involve placing Hardy Amies into administration.

Enquiries

Hardy Amies

Andrew Manders

Tel: 020 7734 2436

Shore Capital 

Guy Peters

Tel: 0207 408 4090