Stmnt re Avail Consulting Ltd

Tribal Group PLC 05 April 2007 Tribal Group plc Announcement in respect of Avail Consulting Limited Tribal Group plc ('Tribal') is pleased to announce the investment today the 5 April by approximately half of the 43 employees of Avail Consulting Limited ('Avail') in Avail, a company in which Tribal is and will remain the majority shareholder. Avail is a public sector consulting business, working with central government and public sector bodies across the full range of public services and in key areas of policy. Tribal established Avail in January 2004, with Martin Wilson and Robert Garner as minority shareholders. Avail has grown fast since its inception and its operating profits for the year ended March 2006 were £0.3 million and its gross assets were £1.57 million. In order to enable Avail to continue to grow through the increased equity participation of its employees, 20 of them have today subscribed for new shares in Avail and purchased existing shares from Tribal, Martin Wilson and Robert Garner. The employees will be paying an aggregate of £204,000 for the Avail shares, £102,000 of which will be an investment in new shares in Avail. The Avail shares being subscribed and purchased by the employees represent in aggregate six per cent. of the issued share capital of Avail and the total employee participation, including Martin Wilson and Robert Garner and ten other existing employee shareholders, represents 42 per cent. If any of the new or existing employee shareholders wish at certain times in the future to sell their Avail shares, then Tribal has agreed, subject to certain conditions, to buy those shares at a market value price determined by reference to the performance of Avail at that time. Tribal Group plc is entitled to satisfy the consideration on any such purchase by issuing new Tribal Group plc shares. CONTACT FOR QUERIES Name: Richard Collins - Company Secretary, Tribal Group plc Telephone: 01285 886020 This information is provided by RNS The company news service from the London Stock Exchange

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Tribal Group (TRB)
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