Statement re Suspension

RNS Number:9294E
Carter & Carter Group PLC
02 October 2007


Immediate Release                                                 2 October 2007




                           Carter & Carter Group plc

                            Statement re Suspension



Carter & Carter Group plc ("Carter & Carter" or the "Company") has today
requested that the trading of its ordinary shares be suspended with immediate
effect pending clarification of its financial position.

On 29 June 2007 and 13 July 2007 Carter & Carter issued trading updates advising
the market that the Company had experienced a period of change and significant
underperformance in the group. Since that time, the Company has been assessing
its results for the 12 months ended 31 July 2007 in conjunction with its
auditors and newly appointed divisional management.

It has now come to the Company's attention that its results for the year to 31
July 2007 are likely to be materially lower than previously expected. In
particular, the Company is assessing the recoverability of certain current
assets as at 31 July 2007, together with the accuracy of certain other revenue
streams in the business. However, at the current time Carter & Carter cannot
accurately assess its financial position and is therefore unable to provide the
market with an informed update of its position.

In light of this uncertainty the Company has therefore requested a temporary
suspension. The Company is currently in discussion with its banks regarding its
financial position and is renegotiating its bank facilities to reflect its
revised level of profitability.

Shareholders will be kept informed of further developments in due course.


Contacts

Buchanan                                                         020 7466 5000
Mark Edwards / Suzanne Brocks



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

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