Contribution to the FSCS

RNS Number : 3903A

Walker Crips Group plc

20 March 2013

Walker Crips Group plc

Contribution to the Financial Services Compensation Scheme ("FSCS")

Walker Crips Group plc ("Walker Crips" or the "Company"), the financial services group, announces that due to a misinterpretation of the guidance regarding the basis of its calculation, tariff data submitted to the Financial Services Authority ("FSA"), and used to calculate the FSCS levy for the Company's regulated subsidiary, Walker Crips Stockbrokers Limited, for the years to 31 March 2011 and 2012, was incomplete.

Corrected information was voluntarily submitted by the Company to the FSA, which has confirmed that the Company will have to top up previous FSCS payments by the following approximate amounts:

Year to 31 March
2011	£230,000
2012	£210,000

As the underpayments relate to prior year accounting periods, the Company will make retrospective adjustments in relation to these periods in its audited accounts for the year ending 31 March 2013.

The board of Walker Crips confirms that settling these amounts will not have a material impact on the Company's financial position.

For further information please contact: