Working Capital Update

MILESTONE GROUP PLC
                         ("Milestone" or the "Company")

                             Working Capital Update


Further  to the announcement made on 14 April 2011, the Company confirms that it
has  now received a VAT  rebate of approximately £50,000.  In aggregate with the
short-term loan of £35,000 announced on 14 April 2011, the Company now has total
net  cash resources  of approximately  £100,000. On  the basis  that the Company
continues  to  be  able  to  manage  the  timing  of  settlement  of its current
liabilities,  the directors believe that  its cash resources constitute adequate
funds for at least the next eight weeks.

The  directors continue to monitor carefully the working capital position of the
Company and are seeking to raise further funds in the near term.



Enquiries:

 Milestone Group Plc
 Deborah White, Chief Executive   [phone]


 Cairn Financial Advisers LLP
 Nominated Adviser
 Liam Murray / Avi Robinson       [phone]


 Hybridan LLP
 Broker
 Claire Louise Noyce              [phone]










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Source: Milestone Group PLC via Thomson Reuters ONE

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