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Webb Capital Plc (WCAP)

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Wednesday 23 February, 2011

Webb Capital Plc

Statement re Investment in BWA Group PLC


               Webb Capital plc (`the Company'or `Webb Capital')               

                Statement regarding Investment in BWA Group PLC                

                       Requisitioning of General Meeting                       

Webb Capital plc, the PLUS Markets quoted financial services group announces
that it has today written to the Directors of PLUS quoted BWA Group plc (`BWA')
to request that the Directors of BWA convene a General Meeting at which
Resolutions can be proposed to remove Mr Richard Battersby and Mr James
Butterfield as Directors and to appoint Mr Peter Webb and Mr Dwight Mighty to
serve in their place.

The letter is sent on behalf of Mr Peter Webb and family who hold a 14.9 per
cent shareholding and is supported by the Company which owns 9.9 per cent.

Since making the investment in May 2010 the Company has sought to work with BWA
to find suitable investment opportunities. Webb Capital believes that BWA
should take a more pro-active approach, should seek to raise additional funding
and to use the funds to support growth companies at a time when finance for
such companies is difficult to source and attractive investment opportunities
abound.

Commenting on the letter Peter Webb said:

`When we acquired the shareholding in BWA last May I had hoped that the
Directors would have seized the opportunity to invest their cash in one or more
suitable growth company situations. Instead they have prevaricated at a time
when valuations are near an all time low and attractive companies are starved
of investment.

We will be writing to the shareholders of BWA to set out our proposals for the
future of BWA and hope that they will support our initiative'

The Directors accept responsibility for this announcement

A copy of this announcement is available on www.webbcapital.com

For further information

Webb Capital plc

Peter Webb - Chief Executive Tel: 020 7634 9510

Daniel Stewart & Co plc

Paul Shackleton Tel: 020 7776 6550


                                                      

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