Directorate Change

Milestone Group PLC
21 May 2007

                              MILESTONE GROUP PLC

                               Management Changes

AIM listed Milestone Group PLC ('Milestone' or the 'Company') announces changes
to its Board structure in order to create a 'clean' holding company as the group
enters the final stages of its strategic review.

In order to reduce management costs, Chief Executive, Andy Craig, has agreed to
allow his existing service contract to be terminated as of 18 May 2007 but to
remain on the Milestone Board serving as a non executive director. Separately,
MGH Investments Limited, a consultancy company controlled by Andy Craig, has
been contracted to provide corporate finance advice to the Company until the
completion of the group's strategic review. The aggregate amount payable to Andy
Craig and MGH Investments Limited under the terms of these compromise,
consultancy and non-executive arrangements is £155,000.

Similarly, the Company's Finance Director, Brian Chester, has agreed to allow
his existing service contract to be terminated as of 18 May 2007 but to remain
on the Milestone Board serving in the capacity of part time Finance Director.
Separately, ChesterBrown Limited, a company controlled by Brian Chester, has
been contracted to provide ongoing consultancy services to the Company until the
completion of the group's strategic review. The aggregate amount payable to
Brian Chester and ChesterBrown Limited under the terms of these compromise,
consultancy and directorship arrangements is £121,000.

Milestone Chairman, John Sanderson, said:

'Milestone's management team have worked hard over recent times to implement the
group's strategic review and to identify new opportunities for the Company.
Whilst the Board is in advanced stages of completing this strategic review, it
has decided to put in place new arrangements which are designed to retain the
services of the Company's senior management whilst effectively eliminating the
Company's exposure to long term salary commitments. As such, the Board is well
placed to conclude its ongoing discussions regarding the potential enlargement
of the group.'

The new arrangements with Andy Craig, Brian Chester and companies associated
with them have been independently reviewed by Milestone's two non-executive
directors. The non-executive directors, having consulted with the Company's
nominated adviser, Arden Partners PLC, believe the agreed terms to be fair and
reasonable insofar as the Company's shareholders are concerned.


For further information:

Milestone
John Sanderson Tel: [phone]

Arden Partners
Richard Day Tel: [phone]



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