Statement re Mayflower

RNS Number:1433X
Henlys Group PLC
31 March 2004


Date:           31 March 2004

Contact:        Allan Welsh- Chief Executive
                Bill Gillespie- Finance Director
                Henlys Group plc
                Telephone: 020 89539953


                                HENLYS GROUP plc


The board of Henlys Group plc ("Henlys") notes the announcement by The Mayflower
Corporation plc ("Mayflower") issued yesterday.  The directors of Henlys would
like to highlight that Henlys is a 30% joint venture shareholder in Mayflower's
subsidiary, TransBus.  Whilst TransBus has given a guarantee and security to
Mayflower's lenders in relation to Mayflower's debt, there is no recourse to
Henlys in relation to TransBus or Mayflower debt.  Furthermore, Henlys'
investment in TransBus is not part of the security given by Henlys to its
lenders under its current borrowing facilities.


The directors of Henlys will continue to monitor the situation and a further
announcement will be made as and when more detailed information is received
concerning Mayflower.


End

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