GFG Greatfleet

RNS Number:9412S
Greatfleet PLC
23 April 2008


                                 Greatfleet plc
                        ("Greatfleet" or the "Company")


                   Repayment of General Capital indebtedness


On 12 September 2007, Greatfleet, the specialist recruitment firm, announced the
acquisition of Qualitas People Solutions (Ireland) Limited; Qualitas People
Solutions (UK) Limited; Alliance Recruitment (Ireland) Limited and Qualitas HR
Solutions (Ireland) Limited (together known as "Qualitas") for a total initial
consideration of �3.4 million (the "Acquisition"). General Capital Venture
Finance Limited ("General Capital") provided a loan facility of �650,000 (the 
"Loan") to enable Greatfleet to fund the cash element of the Acquisition.


As at 21 April 2008 the outstanding balance of the Loan owed to General Capital
was �614,000 including exit fees and redemption interest. In addition, General
Capital were also owed �45,000 by Greatfleet in respect of additional services
provided by General Capital.


Greatfleet announces that they have now discharged all amounts owed to General
Capital (including any exit and arrangement fees) for an undisclosed amount
which is less than the total amount owed to General Capital. The payment was
made on 22 April 2008 from Greatfleet's existing cash resources.


Enquiries:


Greatfleet plc

Colin Gerstein, Chief Executive Officer               Tel: 0845 881 0700

Noble & Company Limited

Nick Naylor                                           Tel: 0207 763 2200

Nick Athanas

Parkgreen Communications Limited                      Tel: 020 7851 7480

Ben Knowles

Bex Sanders-Hewett


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

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