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FOR IMMEDIATE RELEASE

Alltrue Investments PLC ("Alltrue")

Appointment of Administrators to Group subsidiaries

Further to the announcement on 26 January 2010 regarding Alltrue's two operating subsidiaries Falcon Securities (UK) Limited ("Falcon") and Montague Pitman Securities Limited ("Montague Pitman"), The Board of Alltrue announces that the boards of Falcon and Montague Pitman have resolved to take steps to appoint Joint Administrators to Falcon and Montague Pitman. 

Montague Pitman, which is 81 per cent. owned by Alltrue, is an Appointed Representative of Falcon, a wholly owned subsidiary.

The action follows a review by the FSA of Montague Pitman's activities in particular in relation to advising on, and arranging the sale of higher risk securities to retail clients.

Montague Pitman is liable to pay compensation to clients in respect of any mis-selling claims that are up held. However if Montague Pitman's assets are insufficient to cover identified liabilities then Falcon, as the Regulated company becomes responsible. Given these circumstances, the directors of each of Falcon and Montague Pitman have concluded that both businesses have insufficient assets to meet potential future liabilities. 

The effect of the Administration of Falcon and Montague Pitman will be that Alltrue has ceased to conduct all of its existing trading business, which would otherwise have required shareholder consent pursuant to AIM Rule 15, and thereby become an investing company. Alltrue is considering a number of possible courses to restore shareholder value and the Company will therefore publish a circular as soon as practicable setting out its investing policy going forward (the "Circular") for which it will seek shareholder consent. 

For the purposes of Schedule Two (g) of the AIM Rules, it is notified that the directors of Falcon and Montague Pitman  include Niger Weller and Stephen Oakes, who are directors of Alltrue. 

Following this clarification Alltrue will request that the suspension of its shares from trading on AIM is lifted on publication of the Circular.

29 January 2010

Contact:

  

Leo Knifton, Alltrue Investments PLC                              0207 251 3762

Roland Cornish, Beaumont Cornish Limited                  0207 628 3396

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