Publication of Prospectus

RNS Number : 4812F

Stobart Group Limited

26 April 2011

Stobart Group Limited ("Stobart" or the "Company")

PUBLICATION OF PROSPECTUS

Further to the announcement on 21 April 2011 in relation to a proposed share issue to raise gross proceeds of approximately £119.9 million (approximately £114.9 million net of expenses) through the issue of 77,339,766 new ordinary shares by way of a placing and open offer at a price of 155p per new ordinary share, Stobart announces that a prospectus relating to the Placing and Open Offer (the "Prospectus") has been approved by the UK Listing Authority (the "UKLA") today.

The Prospectus is expected to be posted to shareholders later today, and a copy of the Prospectus, which includes a notice convening a general meeting of Stobart to be held at the Fermain Valley Hotel, Fermain Lane, St. Peter Port, Guernsey GY1 1ZZ at 10.00 a.m. on Wednesday 18 May 2011, has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

In addition, the Prospectus will shortly be available to view, other than in certain jurisdictions, on the Company's website at www.stobartgroup.co.uk and will be available for inspection at the offices of Hill Dickinson LLP, Irongate House, 22-30 Duke's Place London, EC3A 7HX during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted).

The following timetable sets out the expected timing of principal events. Any changes will be notified via a regulatory information service:

Event	Date
Record Date for the Open Offer	close of business on 19 April 2011
Announcement of the Biomass Acquisition and the Placing and Open Offer	21 April 2011
Publication of the Prospectus, Application Forms to Qualifying Certificated Shareholders and Forms of Proxy	26 April 2011
Ex-Entitlement Date for the Open Offer	27 April 2011
Open Offer Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST	27 April 2011
Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST	4.30 p.m. on 10 May 2011
Latest time for depositing Open Offer Entitlements into CREST	3.00 p.m. on 11 May 2011
Latest time and date for splitting Application Forms (to satisfy bona fide market claims)	3.00 p.m. on 12 May 2011
Latest time and date for receipt of Forms of Proxy/CREST Proxy Instructions	10.00 a.m. on 16 May 2011
Latest time and date for receipt of completed Application Forms and payment in full or settlement of relevant CREST instruction under the Open Offer	11.00 a.m. on 16 May 2011
Announcement of the results of the Placing and Open Offer	17 May 2011
General Meeting	10.00 a.m. on 18 May 2011
Completion of the Biomass Acquisition	19 May 2011
Admission of the New Ordinary Shares effective and dealings expected to commence	8.00 a.m. on 19 May 2011
CREST accounts credited with New Ordinary Shares	19 May 2011
Preliminary announcement of audited results for the year ended 28 February 2011	23 May 2011
Despatch of definitive share certificates in respect of New Ordinary Shares	by 26 May 2011