Release permitted by FSA

Randall & Quilter Inv Hldgs PLC
31 January 2008


31 January 2008


                   Randall & Quilter Investment Holdings plc


                            Release permitted by FSA



Randall & Quilter Investment Holdings plc, the award winning run-off management
service provider and acquirer of solvent insurance companies in run-off, is
pleased to announce that The Financial Services Authority has permitted a
proposal to release funds of approximately £11 million of regulatory capital
from an insurance company subsidiary, Chevanstell Ltd.  This allows the process
to release the funds, which is anticipated to take up to eight weeks, to begin.


Ken Randall, Chairman & Chief Executive Officer, said 'I am delighted that so
soon after our successful IPO we have demonstrated that we can deliver on our
promised strategy, to release solvency capital from companies within the
Insurance Companies Division.  £11m is a very substantial sum for a group of our
size'.


A further announcement will be made when the release is completed.


ENDS


Randall & Quilter is the holding company for a group of companies which operate
in the non-life run-off insurance sector (the 'Group').  The Group comprises
three divisions:

  • Insurance Services Division.  This manages insurance portfolios in run-off
    for both third party clients, including syndicates at Lloyd's, and for the
    Group's own insurance subsidiaries.

  • Insurance Company Division.  This acquires solvent insurance companies in
    run-off, avoiding companies with any material personal lines business.
    Currently this division has eight companies in its portfolio.

  • Liquidity Management Division.  This acquires reinsurance receivables on a
    recourse or non-recourse basis and seeks to realise them for cash.


The Group has approximately 170 staff in its offices in the UK and the US and
has recently been selected as 'Run-off Management Service Provider of the Year
2007' by the Association of Run-off Companies.



Further information can be found at www.rqih.co.uk.

Enquiries:

Randall & Quilter Investment Holdings plc

Ken Randall                  Tel: [phone]        Mobile: [phone]

Alan Quilter                  Tel: [phone]        Mobile: [phone]

Noble & Company Limited

John Riddell                  Tel: [phone]        Mobile: [phone]



Numis Securities Limited

Charlie Farquhar           Tel: [phone]        Mobile: [phone]



Polhill Communications

PJ Lewis                      Tel: [phone]         [e-mail]


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            The company news service from the London Stock Exchange