Small Subscription

MILESTONE GROUP PLC
                    "Milestone" or the "Company"

                         SMALL SUBSCRIPTION

AIM listed Milestone announces a small subscription to raise £45,000
(before expenses) through the issue of 2,500,001 new ordinary shares
of 0.1 pence in the capital of the Company (the "Subscription
Shares").

The Company has received and accepted irrevocable applications for
Subscription Shares from the following parties (collectively the
"Subscription"):


+-------------------------------------------------------------------+
| Name of subscriber | Number of           | Subscription Shares as |
|                    | Subscription        | proportion of issued   |
|                    | Shares              | share                  |
|                    |                     | capital post-admission |
|--------------------+---------------------+------------------------|
| Ultra Green        | 1,111,111           | 1.41%                  |
| Capital Ltd        |                     |                        |
|--------------------+---------------------+------------------------|
| PAG Consulting Ltd | 277,778             | 0.35%                  |
|--------------------+---------------------+------------------------|
| Mohan Singh Dulai  | 277,778             | 0.35%                  |
|--------------------+---------------------+------------------------|
| Harprite Singh     | 555,556             | 0.71%                  |
| Dulai              |                     |                        |
|--------------------+---------------------+------------------------|
| Sandeep Dulai      | 277,778             | 0.35%                  |
+-------------------------------------------------------------------+


The Company will be making application for the Subscription Shares to
be admitted to trading on AIM with admission anticipated on or around
5 June 2009.

The Subscription Shares, when fully paid and issued, will rank pari
passu in all respects with the existing ordinary shares of Milestone.
Post-admission, the Subscription Shares in aggregate will constitute
3.17 per cent of the enlarged issued share capital of Milestone of
78,763,574 ordinary shares.

So far as the Company is aware and subject to any new notifications
received, the following persons will have a notifiable interest in
the issued share capital of Milestone post-Subscription:


+-------------------------------------------------------------------+
|                       | Pre-Subscription    | Post-Subscription   |
|-----------------------+---------------------+---------------------|
| TRMK Estate Income    | 12,690,155 (16.60%) | 12,690,155 (16.11%) |
| Ltd (& connected      |                     |                     |
| parties)              |                     |                     |
|-----------------------+---------------------+---------------------|
| Deborah Jane White    | 8,162,254 (10.68%)  | 8,162,254 (10.36%)  |
|-----------------------+---------------------+---------------------|
| Reginald John Brealey | 7,325,000 (9.58%)   | 7,325,000 (9.30%)   |
| (& connected parties) |                     |                     |
|-----------------------+---------------------+---------------------|
| Magdalene Manikam     | 5,666,667 (7.41%)   | 5,666,667 (7.19%)   |
|-----------------------+---------------------+---------------------|
| CMH Management Ltd    | 4,817,290 (6.30%)   | 4,817,290 (6.12%)   |
|-----------------------+---------------------+---------------------|
| John Godfrey          | 4,166,667 (5.45%)   | 4,166,667 (5.29%)   |
|-----------------------+---------------------+---------------------|
| Susan Auden           | 4,166,667 (5.45%)   | 4,166,667 (5.29%)   |
|-----------------------+---------------------+---------------------|
| Compass Securities    | 4,166,667 (5.45%)   | 4,166,667 (5.29%)   |
| Ltd                   |                     |                     |
|-----------------------+---------------------+---------------------|
| Andrew Timms Craig (& | 2,621,838 (3.43%)   | 2,621,838 (3.33%)   |
| connected parties)    |                     |                     |
|-----------------------+---------------------+---------------------|
| Anish Sharma (&       | 2,500,000 (3.27%)   | 2,500,000 (3.17%)   |
| connected parties)    |                     |                     |
+-------------------------------------------------------------------+



FOR FURTHER INFORMATION:

Milestone
Deborah White, Chief Executive
Tel: [phone]

Arden Partners plc
Richard Day / Adrian Trimmings
Tel: [phone]

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