AQL Aquilo

RNS Number:8366N
Aquilo PLC
13 December 2006

                     AQUILO PLC ("Aquilo" or the "Company")


             DISPOSAL OF THE BUSINESS OF AQUILO MOTOR SERVICES LTD


Further to the announcement dated 27 November 2006, Aquilo plc today announces
that it has agreed to sell the business of Aquilo Motor Services Ltd (the "Motor
Services") to Nationwide Accident Repair Services plc, the provider of
automotive crash repair and accident management services to the UK automotive,
fleet and insurance industries, for #1.275m, comprising #750,000 in cash and
#750,000 of net assets, adjusted for creditors and a rent free period.


Aquilo Motor Services Ltd is a subsidiary of the Company that provides motor
claims management services.  The sale of its claims management business will
enable Aquilo to focus on the ongoing, non-motor claims handling, operations.


In the year ended 31 December 2005, Motor Services recorded a turnover of
#15.1m, a loss of #699,000 and had net assets of (#1,331,000).  The sale
proceeds will be used to improve the working capital position and invest in our
building repair operation.


Clive Nicholls, Chief Executive of Aquilo Plc commented "We are very pleased to
have concluded the sale to a company such as Nationwide. Having exited the motor
business the Company is now free to focus on the profitable property claims
handling and supply chain business, Aquilo Business Solutions, and the new and
growing building repair operation, Aquilo Inspection & Reinstatement Services. "



Further enquiries:

Clive Nicholls, Chief Executive Officer, Aquilo plc        020 3008 5514

Crispin Burdett, Company Secretary, Aquilo plc             020 3008 5515

John Riddell, Noble & Company Limited                      0207 763 2200


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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