Disposal

Millfield Group PLC
19 September 2005

Millfield Group plc

Millfield Group plc - sale of international arm further reduces cost base by
£1.5m and leads to 100% UK focus

Millfield Group plc ("Millfield", the "Company" or the "Group"), a leading
independent financial services advisory group, today announces the sale of the
entire issued share capital of Inter-Alliance International Group (Cyprus)
Limited, PGMS Holdings Limited and Sterling Associates Limited - the
international financial advisory arm of Millfield - to de Vere Holding Company
Limited for an aggregate consideration of £750,000, up to 50% of which will be
used to reduce related indebtedness.  The balance of the proceeds of the sale
will be used to finance working capital.

Commenting on the sale, Paul Tebbutt, Chief Executive of Millfield, said:

"The sale of the international business allows us to concentrate our resources
on servicing our UK-based businesses and is expected to reduce the Group's
overhead run rate by a further £1.5m - continuing the initiative to rationalise
the Group's cost base. We are on schedule to achieve operating profitability
from the fourth quarter 2005 onwards."

Commenting on the sale, Nigel Green, Managing Director of de Vere and Partners,
said:

"I am delighted with the acquisition; it increases our global operation from
offices in 23 countries worldwide to 30. We have formed a strategic alliance
with Millfield where there will be a joint introducers' agreement to benefit our
global clients."

Enquiries

Millfield Group plc
Paul Tebbutt, Chief Executive - 020 8604 2607
Arthur Milton, Interim Finance Director - 020 8604 2623

De Vere and Partners
Nigel Green, Managing Director - 00377 678632266

Llewellyn-Slade PR Limited
Mark Llewellyn-Slade - 01444 242792
Francis Higney - 07941 979301








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