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Webb Capital Plc (WCAP)

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Wednesday 14 November, 2012

Webb Capital Plc

Webb Capital Advisory ("WCA") - Update


14 November 2012

GB00B4BQK602

                               WEBB CAPITAL PLC                                

                       ("Webb Capital" or the "Company")                       

                     Webb Capital Advisory ("WCA")- Update                     

On 30 August 2012, the Company announced that it had agreed to sell its
corporate finance subsidiary, WCA, to CarbonDesk Group Plc ("CarbonDesk") and
that the transaction would be subject to Change of Control consent being
obtained from the Financial Services Authority ("FSA").

It has recently become apparent to the Company that such approval by the FSA is
unlikely to be forthcoming and as a consequence discussions between the parties
have been terminated.

The Board remains focused on increasing shareholder value in the Company and
believes that this will best be achieved by concentrating its resources on the
Company's fund management business, Webb Capital Asset Management.

Further announcements regarding the future of WCA will be made when
appropriate.

The Directors of Webb Capital Plc are responsible for the contents of this
announcement.

For further information please contact:

Webb Capital PLC

Peter Webb - CEO                   Tel: 020 7634 9510

St Helens Capital Partners LLP

Mark Anwyl or Duncan Vasey         Tel: 020 7368 6959

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