9 March 2009

Promethean Plc (the 'Company')

Tender Offer

On 23 January 2009, the Company announced that it was proposing to implement a tender offer which would be conditional upon Shareholder approval at an extraordinary general meeting (the 'Tender Offer').

The Company today announces that it has posted a circular to shareholders (the 'Circular') in connection with the proposed return of £25 million to Shareholders via a £11.5 million Tender Offer of up to 16,312,000 ordinary shares and a £13.5 million capital reduction and changes to the carried interest arrangements.  Notice of the extraordinary general meeting is set out in the Circular.

The Circular will shortly be available on the Company's website www.prometheanplc.com.

Enquiries:

Sir Peter Burt / Mike Biddulph

Promethean Investments LLP          +44 (0)20 7479 7660

James King / Gillian McCarthy

Fairfax I.S. PLC                              +44 (0)20 7598 5368

Other corporate information can be found at: http://www.prometheanplc.com 

Promethean Investments LLP is authorised and regulated by the Financial Services Authority.