Settlement of dispute

Triad Group Plc
05 November 2006

                          Statement by Triad Group Plc

Triad Group Plc and Ms Mira Makar announced today that they have reached a
settlement of their dispute presently before the employment tribunal.

The directors of Triad Group Plc accept that Ms Makar had a reasonable basis for
concerns on a number of financial issues. These issues were referred to by the
Chairman in his statement of July 2005 and by the directors in the company's
Annual Report and Accounts for 2005. The directors also accept that Ms Makar
acted properly in drawing attention to these matters. The directors of the
company accept that Ms Makar had no direct involvement in the issues referred to
above; the directors also recognise that between 31 March 2003 and 31 March
2005, during which period Ms Makar was CEO, the company's profitability rose
substantially.

The events leading to her dismissal were unfortunate and the directors regret
the distress Ms Makar has suffered.

The terms of the settlement are confidential but include a payment to Ms Makar.

Ms Makar wishes the company every success in the future.


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