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Woodspeen Training Group Plc (WSTP)

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Thursday 18 December, 2014

Woodspeen Training Group Plc

Disposal of Subsidiary

                                                               18 December 2014


                         WOODSPEEN TRAINING GROUP PLC                          

                                (the "Company")                                

                            Disposal of Subsidiary                             

Further to the announcement  released  on  28 November 2014, the  Directors  of
Woodspeen Training Group plc are pleased to confirm that contracts  have  today
been exchanged for the sale of the  Company's  principal  subsidiary, Woodspeen
Training Limited, for a consideration of £400,000 payable in cash on completion. 
In addition, the amount of the Inter-Company Loan Account owed to  the  Company 
on completion, expected to amount to some £300,000, will be paid to the Company 
on 18 December 2015.

In the year ended 31 July 2014, Woodspeen Training Limited made a  loss  before
tax of £62,135 on turnover of £3,851,307.

Completion of the disposal is  expected  to  take  place  on  5  January  2015.

If the disposal is completed, the Directors intend that any surplus cash in the
Company will be returned to shareholders in the  most  tax  efficient  way. The
Directors are reviewing the Company's listing  on the ISDX Growth Market in the
context of the disposal and expect  to make  a  further  announcement  shortly.

The Directors  of  the  Company  are  responsible  for  the  contents  of  this

For further information please contact:

Woodspeen Training Group plc
Si Hussain 0786 283 7437
Lynn Chandler 0793 275 3799

Peterhouse Corporate Finance Limited
Mark Anwyl 020 7469 0930

a d v e r t i s e m e n t