Update on financial position

    RNS Number : 7736E
  Hardy Amies PLC
  01 October 2008
   

    Update on financial position
    Hardy Amies plc ("Hardy Amies" or the "Company")
    The Board of Hardy Amies (the "Board") announces that, following the suspension of Hardy Amies shares on 26 September 2008 pending
clarification of the Company's financial position, the Board has approached and has been approached by various parties in relation to the
potential provision of funding to support Hardy Amies' working capital requirements. The Board has, as yet, been unable to finalise an offer
that would secure the future of the Company. The Board has therefore today taken the decision to file a notice of intention to appoint an
Administrator.
    The Board continues to work to find a solution for the Company's financial issues and is in ongoing discussions with various parties,
although it is not clear at this stage what the outcome of these discussions will be. 
    A further announcement will be made in due course. 
    Enquiries

    Hardy Amies
    Andrew Manders
    Tel: 020 7734 2436


    Shore Capital 
    Guy Peters
    Tel: 020 7408 4090

This information is provided by RNS
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