WYT Wyatt Group

RNS Number:4289O
Wyatt Group PLC
21 February 2008

Wyatt Group Plc - Disposal of Risksmart debtor book

Wyatt Group Plc ("Wyatt") announced on 21 December 2007 that it was reviewing
its position regarding one of its operating subsidiaries, Risksmart Limited 
("Risksmart").  Risksmart provides on-line fire risk assessment solutions for
small and medium sized businesses.  The most recently audited report and
accounts, covering the 12 months to 31 March 2007, show Risksmart making a loss
before tax of �70,038 on sales of �1,160,325 and having net liabilities of
�1,344,905.

Wyatt subsequently announced on 1 February 2008 the sale of the trade and
selected assets of Risksmart Limited to Risksmart Services Limited, a company
owned and run by the existing management team ("the MBO").

In addition to the MBO, Wyatt today announces that it has agreed to sell the
Risksmart debtor book to Risksmart Services Limited ("the Transaction").  The
consideration for the Transaction is �100,000 payable in installments (being the
higher of (i) �8,333 or (ii) one half of the monthly collections per calendar
month up to a maximum of �100,000 in total) over a maximum period of 12 months
plus an additional 25% of all receipts collected in excess of �100,000.  It is
expected that the proceeds of the Transaction will be invested in the continued
expansion of the Group's core business.

As at the date of the last interim results (30 September 2007), the book value
of the Risksmart debtor book was approximately �390,021.  The Directors feel
that despite the consideration being below the book value of the debt sold the
consideration is fair as the book debt sold has a very poor ageing profile.
Furthermore the disposal of the debt means that management can now concentrate
fully on growing the core business of the Group rather than on peripheral
activities such as debt collection in a subsidiary that is no longer trading.

Peter Wilson, who was a director of Risksmart within the last 12 months, is a
director of Risksmart Services Limited and therefore the Transaction is
classified under the AIM Rules as a related party transaction.  The Directors of
Wyatt having consulted with their nominated adviser, Blue Oar Securities Plc,
consider that the terms of this transaction are fair and reasonable insofar as
the Company's shareholders are concerned.


Enquiries:

Wyatt Group PLC                                       www.wyattgroup.co.uk
Bob Holt, Chairman                                    07778 798 816
David Curtis, Finance Director                        0845 450 9110

Blue Oar Securities Plc                               www.blueoarsecurities.co.uk
John Wakefield / Marc Davies                          0117 933 0020






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