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Rensburg Sheppards (RBG)


Wednesday 09 May, 2007

Rensburg Sheppards

Part repayment of debt

Rensburg Sheppards plc
09 May 2007

The board of Rensburg Sheppards plc ('the Company') is pleased to announce that
on 8 May 2007, £10 million of the £60 million subordinated loan ('the Loan')
which was entered into with Investec 1 Limited ('Investec') on 6 May 2005 as a
part of the consideration for the acquisition by the Company of Carr Sheppards
Crosthwaite Limited from Investec, has been repaid ahead of schedule.

The  Loan comprised £45 million at a fixed rate of interest of 7.155% per annum
and £15 million at a floating rate of interest of 2.25% above LIBOR. The Loan
was originally scheduled for repayment in equal annual instalments of £5.625
million for the fixed element and £1.875 million for the floating element,
commencing on 6 May 2008.  The repayment on 8 May 2007 of £10 million was made
wholly against the floating rate portion of the Loan.  No penalty arose from the
making of this prepayment. Under the terms of the Loan agreement, this
prepayment is to be applied in chronological order against the future scheduled
repayment obligations of the floating rate portion of the Loan.  All accrued
interest under the Loan is settled with the lender half yearly in arrears.

For enquiries, please contact:

Jonathan Wragg, Finance Director                                   0114 275 5100
Rensburg Sheppards plc

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