Small Subscription

MILESTONE GROUP PLC "Milestone" or the "Company" SMALL SUBSCRIPTION AIM listed Milestone announces a small subscription to raise £36,314.40 (before expenses) through the issue of 2,017,466 new ordinary shares of 0.1 pence in the capital of the Company (the "Subscription Shares"). The Company has received and accepted irrevocable applications for Subscription Shares at a price of 1.8p per share from the following parties: +-------------------------------------------------------------------+ | Name of | Number of | Subscription Shares as | | subscriber | Subscription | proportion of issued share | | | Shares | capital post-admission | |-----------------+--------------+----------------------------------| | Andrew Martinez | 280,000 | 0.35% | |-----------------+--------------+----------------------------------| | Martin King | 1,529,133 | 1.89% | |-----------------+--------------+----------------------------------| | Mike Rackham | 208,333 | 0.26% | +-------------------------------------------------------------------+ The Company will be making application for the Subscription Shares to be admitted to trading on AIM with admission anticipated on 10th June 2009. The Subscription Shares, when fully paid and issued, will rank pari passu in all respects with the existing ordinary shares of Milestone. Post-admission, the Company's enlarged issued share capital will be 80,781,041 ordinary shares. So far as the Company is aware and subject to any new notifications received, the following persons will have a notifiable interest in the issued share capital of Milestone post-Subscription: +-------------------------------------------------------------------+ | | Pre-Subscription | Post-Subscription | |-----------------------+---------------------+---------------------| | TRMK Estate Income | 12,690,155 (16.60%) | 14,219,288 (17.60%) | | Ltd (& connected | | | | parties) | | | |-----------------------+---------------------+---------------------| | Deborah Jane White | 8,162,254 (10.68%) | 8,162,254 (10.10%) | |-----------------------+---------------------+---------------------| | Reginald John Brealey | 7,325,000 (9.58%) | 7,325,000 (9.07%) | | (& connected parties) | | | |-----------------------+---------------------+---------------------| | Magdalene Manikam | 5,666,667 (7.41%) | 5,666,667 (7.01%) | |-----------------------+---------------------+---------------------| | CMH Management Ltd | 4,817,290 (6.30%) | 4,817,290 (5.96%) | |-----------------------+---------------------+---------------------| | John Godfrey | 4,166,667 (5.45%) | 4,166,667 (5.16%) | |-----------------------+---------------------+---------------------| | Susan Auden | 4,166,667 (5.45%) | 4,166,667 (5.16%) | |-----------------------+---------------------+---------------------| | Compass Securities | 4,166,667 (5.45%) | 4,166,667 (5.16%) | | Ltd | | | |-----------------------+---------------------+---------------------| | Andrew Timms Craig (& | 2,621,838 (3.43%) | 2,621,838 (3.25%) | | connected parties) | | | |-----------------------+---------------------+---------------------| | Anish Sharma (& | 2,500,000 (3.27%) | 2,500,000 (3.09%) | | connected parties) | | | +-------------------------------------------------------------------+ FOR FURTHER INFORMATION: Milestone Deborah White, Chief Executive Tel: 020 7929 7826 Arden Partners plc Richard Day / Adrian Trimmings Tel: 020 7398 1600 ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.