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Healthcare Locums plc Statement re press speculation

Healthcare Locums plc Statement re press speculation

The Board of HCL notes recent renewed press speculation and is aware of misleading statements being distributed by minority interested parties, which the Board urges shareholders to ignore. The Company made it clear in a regulatory news announcement on 1 September 2011 that no concrete alternative to the recommended restructuring proposal, set out in the Circular to shareholders dated 19 August 2011, had been received by it and as such shareholders risked losing all value if the recommended restructuring was not approved.

It has been reported that certain parties have made alternative proposals to the Company's principal lending Banks. The Board has subsequently made enquiry to each of these parties but has received no alternative proposal.

It remains the clear and unequivocal view of the Board that the interest of all shareholders will be best served by implementation of the restructuring plan detailed in the Circular. Accordingly the Board repeats its recommendation that shareholders should vote in favour of the proposed resolutions.

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