New Bank Facility

Tribal Group PLC 14 October 2005 New bank facilities of £180 million signed Tribal Group plc ('Tribal' or the 'Group') is pleased to announce that new five year bank facilities totalling £180m have been signed with HBoS and Royal Bank of Scotland as co-arrangers and co-underwriters. The facilities replace the Group's existing arrangements and comprise revolver funds of £125 million, a new performance bond facility of £40 million and loan note guarantees of up to £15 million. The performance bond facility will be used to support major tenders as part of Tribal's strategy to compete for larger government contracts, in particular, the second wave of NHS contracts for diagnostics and elective surgery for which its health delivery business, Mercury Health, will be competing. The loan note guarantee facility is solely used to provide cash-backed security to vendors as part of any acquisition finance required by the Group. There will be no material change to the net interest cost for the current year, but Tribal expects a modest saving for the year ending 31 March 2007. Commenting on the announcement, Simon Lawton, Tribal's Group Finance Director said: 'We are delighted to announce the new package of bank facilities with our leading bank syndicate partners, HBoS and Royal Bank of Scotland. The five year deal and increase in the revolver from £100m to £125m, together with the new performance bond facility, give the Group sufficient flexibility to continue to build its business and compete for major government contract initiatives such as the second wave of ISTC contracts.' Enquiries: Tribal Group plc Henry Pitman, Chief Executive Simon Lawton, Finance Director Tel: 01285 886020 This information is provided by RNS The company news service from the London Stock Exchange

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