Statement re. Suspension

Claims Direct PLC
10 July 2002



                              Claims Direct plc


                  Statement re: Temporary Suspension of Shares


Claims Direct plc, the personal injury compensation specialist, today petitioned
the High Court to grant an Administration Order, having requested the Financial
Services Authority to suspend its shares from trading on the London Stock
Exchange with immediate effect.  An Administration Order will allow the Company
to continue to trade whilst the Administrator assesses the Company's position,
thus giving it time to be restructured or disposed of as a going concern. A
decision is expected within a few days.

Claims Direct announced on 1 July 2002 that despite recently raising funds
through several disposals, it still required further funds to secure the
business beyond the immediate future.  Regrettably, discussions with several
parties to raise this additional capital have been unsuccessful. It has thus
become clear that the Company's cash flow projections, based on anticipated
continuing loss making trading, indicate that it could be trading insolvently
within weeks and it is the Director's duty to therefore seek the appointment of
an Administrator.

Claims Direct's Chief Executive, Ronnie Henderson, said:

'I am extremely disappointed that in my short time with the Company all the hard
work and sacrifices made by Claims Direct staff have not been rewarded.

'Unfortunately the total intransigence of the Liability Insurance industry in
not acknowledging their responsibilities to our clients under the Access to
Justice Act has continued to be a significant drain on our resources, despite
the recent support for the new legislative regime from the Court of Appeal and
the House of Lords.  Indeed the results of our own test cases on the
reasonableness of our premiums are expected within weeks.

'This, coupled with some poor business decisions of the previous management and
the delays to the introduction of our new business model, has left the Company
with few options but to seek to appoint an Administrator.

'We believe that the appointment of an Administrator will allow the Company time
to effect a restructuring for the overall benefit of creditors, employees and
shareholders, thus enabling the Company to move forward for the benefit of all.'


For further information, please contact:



Claims Direct plc                                       01952 284800
Ronnie Henderson, Chief Executive               www.claimsdirect.com

Weber Shandwick Square Mile                            0207 950 2800
Reg Hoare/Claudine Cartwright


                      This information is provided by RNS
            The company news service from the London Stock Exchange