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Recommended Offer for Ultimate Finance Group plc
(to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006)
Scheme of Arrangement becomes effective

Ultimate Finance Group plc ("UFG") announces that the scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") to effect the recommended acquisition of UFG by Renovo Group plc ("Renovo") has now become effective in accordance with its terms and that, at a hearing held earlier today, the High Court of Justice in England and Wales confirmed the reduction of capital in connection with the Scheme.

UFG has made an application to the London Stock Exchange for the cancellation of the admission to trading on AIM of, and cessation of dealings in, UFG Shares, in each case to be effective by no later than 8.00 a.m. on 10 September2013.

Under the Mix and Match facility, Share Elections in respect of 10,041,311 Scheme Shares and Cash Elections in respect of 44,919,710 Scheme Shares were made by the Scheme Shareholders. In addition, no elections were received in respect of a further 11,174,489 Scheme Shares. Pursuant to the terms of the Scheme, Cash Elections will be scaled down on a pro rata basis to approximately 12.43% of the total Cash Elections  and Share Elections will be satisfied in full.
The consideration due to Scheme Shareholders will be despatched to them by no later than 23 September 2013.

Except as otherwise defined herein, capitalised terms used but not defined in this announcement have the same meaning as given to them in the scheme document containing the Scheme that was sent to UFG Shareholders on 30 July 2013.

Copies of this announcement will be available on the Company's website at www.ultimatefinancegroup.co.uk by no later than 12 noon on 10 September2013.

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