The Niche Group plc

('Niche') or 'the Company')

Issue of Equity

The Board of The Niche Group plc (AIM: NGP.L) is pleased to announce that it has raised gross proceeds of £28,945 through the issue of an unsecured convertible loan note ('Loan Notes'). The loan note holders have all applied to convert their loan notes into an aggregate 14,166,000 Ordinary Shares of 1 pence each. 

The proceeds of the Loan Notes will be used for working capital and to finance continued discussions with Ely Management Operations Limited ('EMO').

The Board will continue to keep the market updated with regard to discussions with EMO as appropriate.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on 30 September 2009 ('Admission'). Following this, the Company will have 173,668,324 Ordinary Shares in issue, all carrying voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, Niche under the FSA's Disclosure and Transparency Rules.

Enquiries:

The Niche Group plc        

Christopher Stainforth                                          Tel: 020 7838 6700

Daniel Stewart & Company plc

Oliver Rigby/Tessa Smith                                    Tel: 020 7776 6550