Yesterday, Ultimate Finance Group plc made the following announcement:

"In response to today's share price rise, the Company announces that it has received an approach from Renovo Group plc ("Renovo") that may or may not lead to an offer being made for the Company. Discussions are at an advanced stage, however there can be no certainty that an offer will be made for UFG, nor as to the terms on which an offer may be made.

Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"), requires that Renovo, by not later than 5.00 p.m. on 14 August 2013 (the "relevant deadline"), either announces a firm intention to make an offer for UFG in accordance with Rule 2.7 of the Takeover Code or announces that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies.

This is an announcement falling under Rule 2.4 of the Takeover Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.

A further announcement will be made as and when appropriate.

Rule 2.10

In accordance with Rule 2.10 of the Takeover Code, the Company confirms that it has 74,624,700 ordinary shares of 5 pence each in issue. The ISIN reference for these securities is GB0031685414."

Ends

Enquiries:

Renovo Group plc
David Blain Tel: 07721 978 218

Altium
Paul Lines/Adam Sivner Tel: 0845 505 4343

Panmure Gordon
Fred Walsh/Grishma Patel Tel: 020 7886 2500

Newgate Communications
James Benjamin/Madeleine Palmstierna Tel: 020 7680 6550

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