CART Carter&Cart

RNS Number:7288P
Carter & Carter Group PLC
10 March 2008





Immediate Release                                                10 March 2008


                           Carter & Carter Group plc
                      ("Carter & Carter" or the "Company")

                                     Update

The Company previously announced, on 15 February 2008, that it was in
negotiations with its lenders (the "Lenders") regarding a consensual
restructuring. The Lenders have informed the Company that this consensual
restructuring is no longer considered a viable option by them and negotiations
in this regard have now been terminated.

Following the termination of those negotiations, the Board has considered
alternative options available to it and has concluded that no viable alternative
option is available to meet its cash needs in the short term. Consequently, the
Company has today instructed its lawyers to file a notice of intention to
appoint administrators over the Company.

The Company will seek to work closely with the administrators, the Learning and
Skills Council and the Department for Work and Pensions to minimise the effect
on learners, clients and employees.

Ends



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

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