Disposal

Brown (N.) Group PLC 09 June 2005 9 June 2005 DISPOSAL OF PERSONAL LOANS PORTFOLIO FOR £9.95M N Brown Group Plc announces that its Financial Services division (First Financial Ltd) has sold its £10.8m personal loans portfolio to an undisclosed purchaser for cash proceeds totalling £9.95m. The impairment provisions made within the financial statements for the year ended 26 February 2005 will be used in part to cover the deficit and the proceeds will be used to further reduce borrowings. First Financial will continue to provide brokerage loan facilities together with a complete range of financial services. For further information contact: N Brown Group PLC Tel: 0161 238 2000 Alan White, Chief Executive Dean Moore, Finance Director Gavin Anderson Tel: 0207 554 1400 Charlotte Stone/Fergus Wylie This information is provided by RNS The company news service from the London Stock Exchange
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