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Erinaceous Group PLC (ERG)

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Thursday 03 January, 2008

Erinaceous Group PLC

Settlement of legal actions

Erinaceous Group PLC
03 January 2008

Erinaceous Group Plc
("Erinaceous" or "the Group)

Settlement of Legal Actions

Erinaceous is pleased to announce that it and Regis, the property investment
company, have reached an amicable settlement in their respective legal actions
in connection with the acquisition by Erinaceous of Mount Street Holdings.

Under the terms of the settlement, which does not involve any cash consideration
by either Erinaceous or Regis, both parties have agreed to withdraw their
separate claims.   All issues have been fully resolved to both sides

Separately, the parties have entered into a new property management agreement on
normal commercial terms.

                                                                  3 January 2007


College Hill                                         Tel: 020 7457 2020
Mark Garraway
Anthony Parker

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