CVA Proposal and Liquidation of Subsidiary

The Core Business
                            ("Core" or the "Company")

                   CVA Proposal and Liquidation of Subsidiary


25 January 2010

The  Company  has reached outline agreement with its major creditor  and  a  new
external  investor under which a Company Voluntary Arrangement ("CVA")  will  be
proposed to both its creditors and shareholders.  Under this proposal, creditors
would  exchange the amounts owed to them by the Company for new shares  and  the
Company would be recapitalised.

The Company's trading subsidiary, Amirose International Limited, ("Amirose") has
today been placed in a Creditors' Voluntary Liquidation with T J Binyon and S  J
Parker of Tenon Recovery as Liquidators under the Insolvency Act 1986.

Full  details of the CVA proposal, together with notice of a general meeting  of
the  Company, will be sent to shareholders shortly.  If the CVA is  approved  by
both  shareholders and creditors, it is intended that Core's shares will  return
from suspension to trading on the AIM Market.  As a result of the liquidation of
Amirose,  Core will no longer have any trading activities, and will be  regarded
as  an  Investing Company under the AIM Rules.  As required under AIM  Rule  15,
shareholders will be asked to approve an investing policy for the Company  at  a
general  meeting, full details of which will accompany the CVA proposals  to  be
sent  to  shareholders.  Antony Batty of Antony Batty & Company LLP will prepare
the CVA proposal and act as Nominee under the Insolvency Act 1986.

A further announcement will be made as soon as the CVA proposals are finalised.


ENDS


For further information, please contact:

The Core Business PLC                        www.thecorebusiness.co.uk
Stirling Murray, Chief Executive             020 8559 8244

Blomfield Corporate Finance Ltd (Nomad)
Nick Harriss/Emily Staples                   020 7444 0800

SVS Securities plc (Broker)
Ian Callaway/Alex Mattey                     020 7638 5600

Antony Batty & Company LLP (CVA Nominee)
Antony Batty                                 020 7831 1234

Tenon Recovery (Liquidator)
Trevor Binyon/Steven Edwards                 020 7935 5566