(INST.L) Instore PLC Buy/Sell

The Times

NEWCASTLE BEARS THE BRUNT AS BAE SHEDS 590 JOBS

BAE Systems has told its staff 590 jobs will be axed, with more than a third going at its Newcastle facility. Factories in Leeds, Guildford and Telford will also close because demand for armoured vehicles has stalled. The company has also said that unless there are new orders from the Defence Ministry, further closures may be necessary. Bids to build Future Rapid Effects System vehicles are due to be submitted next Thursday, but there are fears the entire project could be scrapped if the Treasury calls for further budget cuts from the ministry.

HUNDREDS OF BRITISH MANAGERS TO GO AS SHELL STEPS UP

RESTRUCTURING DRIVE

More than 400 British managers at Royal Dutch Shell will lose their jobs by the end of 2009 as the Anglo-Dutch group presses on with its Transition 2009 restructure. New chief executive Peter Voser announced 5,000 job losses worldwide on Thursday following a 73 percent collapse in third-quarter profits. Most British job losses will occur at Shell's upstream operation in Aberdeen and its London corporate affairs office. In some areas, up to 30 percent of senior management roles have disappeared in the restructure. Shell's chief financial officer Simon Henry said European oil demand could be in permanent decline.

FOUNDER OF JONGLEURS HOPES TO HAVE THE LAST LAUGH

Jongleurs founder Maria Kempinska intends to create a new chain of the comedy clubs- - after regaining control of the brand which until recently had been licensed by Regent Inns. Last week's sale of Regent, via a pre-pack administration, triggered a change-of-control clause which sees full control of the Jongleurs brand revert back to Kempinska. She is already looking for new sites in Newcastle Liverpool and Brighton as a platform.

The Daily Telegraph

THRESHERS OWNER IN ADMINISTRATION

First Quench Retailing, the owner of off licence chain Threshers, has been placed into administration -- with the board confirming that it has appointed KMPG as administrator. KPMG has advised First Quench, which owns 300 stores and employs 6,500 staff, that its best option is to sell the business as a going concern, thereby safeguarding as many jobs as possible.

VIRGIN MEDIA BUOYED BY RISE IN CUSTOMERS

Virgin Media reported a 1.3 percent rise in revenue in the third quarter on Thursday, boosted by the addition of 8,100 new fibre optic service subscribers. Despite this, operating income fell three million pounds to 50 million pounds. Chief executive Neil Burkett also said he "broadly supported" government proposals for a crackdown on piracy and that the cable operator is considering launching 3D TV on its video-on-demand service.

STANDARD IS BOOSTED BY ASIA'S REVIVAL

Standard Chartered reported a strong set of third quarter results on Thursday, buoyed by a resurgent Asian economy. The bank is working with Indian authorities in the hope of listing in the country and is also considering pursuing a Chinese listing. Chief executive Peter Sands noted the fact that emerging economies are recovering faster than those in the West, but said it was too early to call it a sustained recovery.

The Independent

POUNDSTRETCHER OWNER TO DELIST FROM MARKET

Instore, the owner of discount retailer Poundstretcher, has announced it is to delist from the stock market as it reported a narrower half-year loss. For the six months to August 29, the company posted a pre-tax loss of 3.7 million pounds. Instore also runs a second discount chain under its own name and said the decision was taken with the interests of its shareholders firmly in mind.

NATIONAL EXPRESS MERGER TALKS COLLAPSE

Merger talks between National Express and Stagecoach have ended. As a result of this National Express will launch a rights issue before the end of the year. The company has been struggling since July when the group's financial problems, including a 1.2 billion pound debt mountain, forced the government to take back the East Coast rail franchise. A 765 million pound takeover proposal from Spain's Cosmen Family was withdrawn over disagreements with the board concerning the company's U.S. business.

TRANSPORT GROUPS CONTINUE TO TRADE IN LINE WITH HOPES

Go-Ahead and Arriva both reported growth in revenues and continued to trade in line with forecasts. Go-Ahead kept the economic backdrop firmly at the forefront of its forecasts and kept full-year expectations unchanged. The share prices of the two groups responded in a positive fashion with Arriva closing the day 1.3 percent up, while Go-Ahead could boast an increase of 3.3 percent.

The Guardian

LLOYDS TRIES TO SHORE UP SUPPORT FOR RECORD 13 BILLION POUND

RIGHTS ISSUE

Lloyds Banking Group spent Thursday night in talks with major shareholders in a bid to leave the government's toxic asset insurance scheme and limit public ownership to under 50 percent. The bank needs support for a 13 billion pound rights issue and an eight billion pound debt-for-equity swap. Without the share offer, which has Chancellor of the Exchequer Alistair Darling's provisional backing, Lloyds will have to put 260 billion pounds of toxic assets into a government-backed asset protection scheme. The EU is likely to rule on the break-up of the bank next week.

OUTDOOR GOODS RETAILER BLACKS LEISURE WINS BANKS' BACKING TO

CLOSE 100 STORES

Blacks Leisure said on Thursday it had won approval from bankers for a restructure that will mean the closure of 100 of its stores. Lloyds had given the retailer until today to turn itself around after it breached loan terms in September. Blacks, which has already put surfwear subsidiary Sandcity into administration, must now convince its landlords to support a company voluntary arrangement. The CVA needs to be finalised by the end of November.

STANDARD LIFE SUFFERS FROM 15 PERCENT FALL IN PENSION SALES

Figures from Edinburgh-based insurer Standard Life suggest its sales revenues in the first three quarters of the year have been hit by public unease over pension saving. Pension sales, which were at 12.4 billion pounds over the same period last year, have declined by 15 percent to 10.5 billion pounds. Although outgoing CEO Sandy Crombie said Standard Life's position remained strong, analysts were less optimistic. Standard Life's shares closed down 0.8 pence at 219 pence.

Prepared for Reuters by Durrants
Keywords: PRESS DIGEST British business Oct 30

COPYRIGHT

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RNS Number : 5961B Instore PLC 29 October 2009

Press Release 29 October 2009

INSTORE PLC

POSTING OF CIRCULAR

Further to the announcement made earlier today in which Instore plc (the "Company") said that it was the intention to seek a cancellation of the listing from the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities, a circular is being posted to shareholders today.

The circular sets out the reasons for the cancellation of listing and pursuant to the Listing Rules of the UK Listing Authority includes a notice convening a general meeting to be held on 23 November 2009 to approve the resolution to cancel the listing of the shares on the Official List.

If the resolution is passed, the Company will then immediately apply to cancel the listing, which is expected to be effective from 8.00 am on 22 December 2009.

Copies of the circular are available for inspection at the Document Viewing Facility of the UKLA, 25 The North Colonnade, Canary Wharf, London E14 5HS. The Document Viewing Facility is open from 9.00 am to 5.30 pm on every weekday except bank holidays. Copies of the circular will also be available from the Company's website at www.instoreretail.co.uk.

LONDON, Oct 29 (Reuters) - Instore Plc:

Statement re Proposed Cancellation of Listing

29 October 2009

("Instore" or the "Company")

The Board of Instore ("Board") announces that, after careful

consideration, it has concluded that it would be in the best interests of shareholders as a whole to seek to cancel the Company's listing on the Official List of the UK Listing Authority and trading
on the London Stock Exchange's market for listed securities

("Delisting").

The Board has today released the interim results for the 26 week period to 29th August 2009 and has stated in those results that Crown Crest's investment in and commitment to the Company has been, and will continue to be, of vital importance. Not only is Crown Crest providing material financial support by way of loan and trade credit facilities, it is also assisting through initiatives such as joint
buying and logistical support. While such assistance is provided

always on a commercial and 'arm's length' basis, these are avenues of finance and credit that may well not have been available to the Company at all from traditional sources. The Board believes that
even when general economic conditions improve, the Company's

substantial dependence on the Crown Crest Group will continue and that the Company's interests will be best served by some or all of the Company's indebtedness to Crown Crest being converted into share capital. If approved, this would decrease further the proportion of the Company's shares in public hands and bring into question the continuing appropriateness of maintaining the Company's listing.

The Board have concluded that the benefits which the Company and its shareholders are able to derive from the listing are considerably outweighed by the costs incurred by the Company as a direct result of the listing. Accordingly, the Board has come to the conclusion that it is no longer in shareholders' best interests to maintain its listing.

The Board is aware that the implementation of the Delisting will restrict the ability of shareholders to realise their shareholdings in the Company, if they so wish, in the future and that not all shareholders will be able or willing to continue to own Instore shares following the Delisting. The Board has determined that following the completion of the Delisting, the Company will offer to buy back ordinary shares from qualifying shareholders, by way of a tender offer at a price of 5p per share and then seek to re-register the Company as a private limited company. The buyback of ordinary shares by way of a tender offer and the re-registration would be subject to the passing of certain resolutions at a further general meeting of the Company which will convened following the Delisting of the Company.

A circular providing full detail of the proposed Delisting and convening a general meeting will be sent to shareholders shortly. The Board unanimously believes the Delisting to be in the best interests of shareholders as a whole, and is recommending that shareholders vote in favour of the resolution to implement the Delisting at the general meeting.

Half-yearly report

Chairman's Statement and Chief Executive's Review

CHAIRMAN'S STATEMENT

The first half of the year has seen both continued progress with previously reported operational initiatives aimed at stabilising the business and the further integration of the Company into the Crown Crest Group.

Whilst the reported loss before taxation for the period of £3.7 million represents a significant improvement on the £7.1 million loss reported for the same period last year, it would be wrong to characterise this as evidence of a turnaround in the Company's fortunes. However, it does demonstrate some degree of stabilisation and that the correct actions are being taken.

Nevertheless, it is equally true that the discount sector is becoming ever more competitive in the current economic downturn. Although there is some evidence of consumers 'trading down' in the general merchandise sector, this has not been seen to the same extent as with, for example, food. As a result the present trading environment remains extremely difficult with ever increasing pressure on margins.

The Board recognises that Crown Crest's investment in and commitment to the Company has been, and will continue to be, of vital importance. Not only is Crown Crest providing material financial support by way of loan and trade credit facilities, it is also assisting through initiatives such as joint buying and logistical support.

While such assistance is provided always on a commercial and 'arm's length' basis, these are avenues of finance and credit that may well not have been available to the Company at all from traditional sources. The Board believes that even when general economic conditions improve, the Company's substantial dependence on the Crown Crest Group will continue and that the Company's interests will be best served by some or all of the Company's indebtedness to Crown Crest being converted into share capital. If approved, this would decrease further the proportion of the Company's shares in public hands and bring into question the continuing appropriateness of maintaining the Company's listing.

For this and other reasons, the Company will today be separately announcing a proposal to seek cancellation of the admission of its shares to the Official List and to their trading on the London Stock Exchange, and subsequently the arrangement of a tender offer for its shares and its re-registration as a private limited company. A Circular setting out the reasons for and the details of these proposals, together with a notice convening a general meeting, will be posted to shareholders shortly. The Board unanimously believes this proposal to be in the best interests of shareholders as a whole, and is recommending that shareholders vote in favour.

John Jackson Chairman 29th October 2009

CHIEF EXECUTIVE'S REVIEW

During the first half of the year we have continued to implement the changes required to return the business to its heritage as a value retailer with a reputation for low everyday prices and fantastic offers.

As a clear signal to consumers of our intentions in this regard we have pressed ahead with the programme of returning all our core estate to the 'Poundstretcher' brand, and have converted 58 stores during the period under review at minimal expense.

To enable customers to be offered the best possible value for money we have continued to both refine our buying strategy and to review costs across the business.

With regard to costs, we have continued to successfully achieve favourable rent and lease renewals and are renegotiating third party contracts for services wherever possible. I am pleased to report that our ongoing review of costs has not resulted in any significant redundancies and our focus has been to more tightly control staff hours on a store by store basis.

Unfortunately we have experienced somewhat higher than anticipated distribution costs in the first half of the year. This has been due in part to the process of bedding in the logistics support now being provided by Crown Crest but principally due to the imperative of filling certain gaps that had arisen in our stock range. Ensuring that such gaps are eradicated and that all 'events', such as back-to-school, are fully ranged will be an area of focus for us going forward.

Despite such stock issues, our sales for the first half remain broadly in line with our expectations and ahead of last year. The performance of our 19 store 'Coloroll' estate remains disappointing, however, although we have seen some encouraging signs following a review and rationalisation of the product range. We keep our options for this business under review.

Finally, our property strategy remains one of prudence, keeping the market under constant review and assessing the relative merits of opportunities as they arise. During the period we have opened five new stores, including two former Woolworths sites, and closed four, giving a total of 329 stores at the half year.

Trading Performance and Financial Results

Total sales in the 26 weeks to 29th August 2009 were £139.8 million, an increase of 2.9% against the £135.8 million achieved in the same period last year. Within this total, like-for like sales showed an increase of 1.3%, reflecting the favourable weather during the first quarter and strong performances from textiles and FMCG.

Cost of sales before exceptional items increased to £127.7 million (2008: £124.6 million), with savings in payroll and reduced rents offset by increased energy charges, together with higher than anticipated distribution costs incurred as gaps in the stock range were filled.

Nevertheless, gross profit before exceptional items has increased to £12.1 million (2008: £11.2 million) increasing gross profit margin slightly to 8.6% (2008: 8.3%).

After net operating expenses before exceptional items of £15.1 million (2008: £17.5 million), the business reported a net operating loss before exceptional items for the period of £3.2 million, a £3.1 million improvement versus last year's loss for the same period of £6.3 million.

After the exceptional costs of £0.4 million, relating to the impairment of property, plant and equipment and an onerous lease provision (2008: £0.7 million relating to costs of the offer from Sechem Investments and employee share movements), and after net interest paid of £0.2 million (2008: £0.1 million), the total loss before taxation for the period was £3.7 million, compared with last year's £7.1 million.

The basic loss per share was 1.98p (2008: 3.32p).

Balance Sheet

Capital expenditure in the 26 week period to 29th August 2009 was £0.7 million (2008: £0.3 million), partly reflecting the decision to rebrand the estate to the 'Poundstretcher' fascia. Fixed assets at the period end had decreased from £30.1 million to £21.7 million. Stock amounted to £44.4 million, an increase of 11.9% on 2008 levels, reflecting both the new product lines being brought into the business and the acquisitions made of ex-Woolworth stock.

At the half-year end, the Group had net cash balances of £3.2 million (2008: £6.9 million), after a net decrease in cash of £3.7 million (2008: £3.3 million).

Risk and Uncertainties

The Group faces a number of risks and uncertainties, both over the remainder of the financial year and beyond, and it is Instore's policy to mitigate these risks to the greatest extent possible.

The Company is, and in the view of the Directors likely to remain, significantly dependent on the support of the Crown Crest Group. The financial support from Crown Crest, which takes the form of a loan of £5 million, a guarantee to support the Company's banking facilities and trade credit facilities amounting to £5 million, is carefully monitored by the Board's Audit Committee to ensure it is provided always on an 'arm's length' basis and at commercial terms which reflect those applied to Crown Crest by its own lenders.

In common with most retailers, the Group's performance is affected by the underlying economic climate. The Board considers that the full effects of the current recession have yet to be seen, but that the economic downturn presents opportunities as well as challenges, given the 'value' nature of Instore's offer and the possibility of that offer becoming increasingly attractive to a wider range of customers. Nevertheless, in such circumstances the value retail sector is likely to become ever more competitive, and the Group and its management will have to ensure sourcing remains robust if Instore is to continue to offer its customers best value.

Group performance in every year is also heavily dependent on the key Christmas trading period and accordingly management spends a great deal of time planning for this period and ensuring such plans are well executed. In addition, sales of our seasonal lines, particularly our gardening and outdoor living ranges, are to a large extent dependent on the UK enjoying good, seasonal weather during the spring and summer months.

As regards sourcing, the Group acquires a significant proportion of goods for resale from outside the UK, paid for in foreign currency, and it is the Group's policy to manage the inherent risks from such currency exposure by entering into forward contracts in respect of payments to such overseas suppliers.

The day-to-day operation of the business is hugely dependent on the efficient and uninterrupted operation of Instore's logistics and IT systems. Given their centralised nature, the Group has invested much effort in establishing a robust business continuity plan, which it is hoped will minimise the impact of any major disaster suffered at the Group's head office location. Nevertheless, these effects cannot be eradicated fully, and any such disaster would have a significant short-term impact on the Group's business.

Outlook

Total sales were down 7.7% in the seven weeks ended 17th October 2009, equivalent to an 8.3% like-for-like decrease. As in previous years the full year outcome will be heavily dependent on the key Christmas trading period.

Responsibility Statement of the Directors in Respect of the Interim Financial Report

We confirm that to the best of our knowledge:

* the condensed set of financial statements, which has been

prepared in accordance with the applicable set of accounting

standards, gives a true and fair view of the assets, liabilities,

inancial position and loss of the Group; * the interim management report includes a fair review of the

information required by:

(a) DTR 4.2.7R of the Disclosure and Transparency Rules, being an indication of important events that have occurred during the first six months of the financial year and their impact on the condensed set of financial statements; and a description of the principal risks and uncertainties for the remaining six months of the year; and

(b) DTR 4.2.8R of the Disclosure and Transparency Rules, being related party transactions that have taken place in the first six months of the current financial year and that have materially affected the financial position or performance of the entity during that period; and any changes in the related party transactions described in the last annual report that could do so.

Aziz Tayub Chief Executive 29th October 2009

Independent Review Report to Instore plc

Introduction We have been engaged by the Company to review the condensed set of financial statements in the interim financial report for the 26 weeks ended 29th August 2009 which comprises the Consolidated Income Statement, the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Changes in Shareholcers' Equity, the Consolidated Statement of Financial Position, the Consolidated Statement of Cash Flows and the related notes. We have read the other information contained in the interim financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.

This report is made solely to the Company in accordance with the terms of our engagement. Our review has been undertaken so that we might state to the Company those matters we are required to state to it in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company for our review work, for this report, or for the conclusions we have reached.

Directors' Responsibilities The interim financial report is the responsibility of, and has been approved by, the Directors. The Directors are responsible for preparing the interim financial report in accordance with the Disclosure and Transparency Rules of the United Kingdom's Financial Services Authority.

As disclosed in note 3, the annual financial statements of the Group are prepared in accordance with IFRSs as adopted by the European Union. The condensed set of financial statements included in this interim financial report has been prepared in accordance with International Accounting Standard 34, "Interim Financial Reporting", as adopted by the European Union.

Our Responsibility Our responsibility is to express to the Company a conclusion on the
condensed set of financial statements in the interim fi nancial

report based on our review.

Scope of Review We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the interim financial report for the 26 weeks ended 29th August 2009 is not prepared, in all material respects, in accordance with International Accounting Standard 34 as adopted by the European Union and Disclosure and Transparency Rules of the Financial Services Authority.

PKF (UK) LLP

Nottingham 29th October 2009

Unaudited Consolidated Income Statement for the 26 weeks ended 29th August 2009

26 weeks ended 29th August 26 weeks ended 30th
2009 August 2008
Before Before
Exceptional Exceptional
exceptional items exceptional items
items (note Total items (note Total

Notes £'000 £'000 £'000 £'000 £'000 £'000
Revenue 139,792 - 139,792 135,821 - 135,821
Cost of sales (127,736) (440) (128,176) (124,580) - (124,580)
Gross profit 12,056 (440) 11,616 11,241 - 11,241
Distribution (8,815) - (8,815) (10,155) - (10,155)

costs
Administrative (6,276) - (6,276) (7,319) (782) (8,101)

expenses
Operating (3,035) (440) (3,475) (6,233) (782) (7,015)

(loss)/profit
Finance income 1 - 1 33 - 33
Finance (183) - (183) (104) - (104)

expenses
Loss before (3,217) (440) (3,657) (6,304) (782) (7,086)

taxation
Taxation 7 (695) - (695) (194) - (194)

Loss for the period attributable to the equity holders of the
Parent Company (3,912) (440) (4,352) (6,498) (782) (7,280)

Loss per share (pence)

Holding(s) in Company

+------------------------------------------------+ | TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | +------------------------------------------------+

+-------------------------------------------------------------------+
| 1. Identity of the issuer or the underlying issuer | |
| of existing shares to which voting rights are | INSTORE PLC |
| attached: | |

+-------------------------------------------------------------------+

+-------------------------------------------------------------------+ | 2 Reason for the notification (please tick the appropriate box or |
| boxes): |

|-------------------------------------------------------------------|
| | |
| An acquisition or disposal of voting rights | YES |

|-------------------------------------------------------------+-----|
| | |
| An acquisition or disposal of qualifying financial | |
| instruments which may result in the acquisition of shares | |
| already issued to which voting rights are attached | |

|-------------------------------------------------------------+-----|
| | |
| An acquisition or disposal of instruments with similar | |
| economic effect to qualifying financial instruments | |

|-------------------------------------------------------------+-----|
| | |
| An event changing the breakdown of voting rights | |

|-------------------------------------------------------------+-----|
| | | |
| Other (please specify): | | |

+-------------------------------------------------------------------+

+-------------------------------------------------------------------+
| 3. Full name of person(s) subject to the | |
| notification obligation: | SEAHAM INVESTMENTS |
| | LIMITED |

|----------------------------------------------+--------------------|
| 4. Full name of shareholder(s) (if different | |
| from 3.): | |
| | |

|----------------------------------------------+--------------------|
| 5. Date of the transaction and date on which | |
| the threshold is crossed or reached: | 21 APRIL 2009 |
| | |

|----------------------------------------------+--------------------|
| 6. Date on which issuer notified: | |
| | 27 AUGUST 2009 |

|----------------------------------------------+--------------------|
| 7. Threshold(s) that is/are crossed or | |
| reached: | 57% AND 58% |
| | |

+-------------------------------------------------------------------+

+------------------------------------------------------------------------------------------------------+
|8. Notified details: |

|------------------------------------------------------------------------------------------------------|
|A: Voting rights attached to shares |
| |

|------------------------------------------------------------------------------------------------------|
|Class/type |Situation previous |Resulting situation after the triggering transaction |
|of |to the triggering | |
|shares |transaction | |

|if possible |----------------------------+------------------------------------------------------------|
|using |Number |Number |Number |Number of voting |% of voting rights |
|the ISIN |of |of |of shares |rights | |
|CODE |Shares |Voting |--------------+------------------------+--------------------|
| | |Rights |Direct |Direct |Indirect |Direct |Indirect |

|------------+-------------+--------------+--------------+-------------+----------+---------+----------|
| | | | | | | | |
|10 PENCE | | | | | | | |
|ORDINARY |129,629,750 | 129,629,750 | 134,726,165 |134,726,165 | | 58.98% | |
|------------| | | | | | | |
| | | | | | | | |

+------------------------------------------------------------------------------------------------------+

+-------------------------------------------------------------------+
| B: Qualifying Financial Instruments |

|-------------------------------------------------------------------|
| Resulting situation after the triggering transaction |
| |

|-------------------------------------------------------------------|
| Type of | Expiration | Exercise/ | Number of voting | % of |
| financial | date | Conversion | rights that may | voting |
| instrument | | Period | be | rights |
| | | | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |

|------------+------------+------------+------------------+---------|
| | | | | |

+-------------------------------------------------------------------+

+--------------------------------------------------------------------------------+ |C: Financial Instruments with similar economic effect to Qualifying Financial |
|Instruments |

|--------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction |
| |

|--------------------------------------------------------------------------------|
|Type of |Exercise |Expiration |Exercise/ |Number of |% of voting |
|financial |price |date |Conversion |voting |rights |
|instrument | | |period |rights | |
| | | | |instrument | |
| | | | |refers to | |

|--------------+----------+------------+------------+------------+---------------|
| | | | | |Nominal |Delta |
| | | | | | | |
| | | | | |--------+------|
| | | | | | | |

+--------------------------------------------------------------------------------+

+-------------------------------------------------------+
| Total (A+B+C) |
| |

|-------------------------------------------------------| | Number of voting rights | Percentage of voting rights | |-------------------------+-----------------------------|
| 134,726,165 | 58.98% |

+-------------------------------------------------------+

+-------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting |
| rights and/or the |
| financial instruments are effectively held, if applicable: |

|-------------------------------------------------------------------|
| |

+-------------------------------------------------------------------+

+-------------------------------------------------------------------+
| Proxy Voting: |
| |

|-------------------------------------------------------------------|
| 10. Name of the proxy holder: | |
| | |

|---------------------------------------------------------------+---|
| 11. Number of voting rights proxy holder will cease to hold: | |
| | |

|---------------------------------------------------------------+---|
| 12. Date on which proxy holder will cease to hold voting | |
| rights: | |
| | |

+-------------------------------------------------------------------+

+-----------------------------------------------------------+
| 13. Additional information: | |
| | |

|-------------------------------+---------------------------|
| 14. Contact name: | |
| | MARTIN COLLINSON, COMPANY |
| | SECRETARY, INSTORE PLC |
| | |

|-------------------------------+---------------------------|
| 15. Contact telephone number: | |
| | 01484 441805 |

+-----------------------------------------------------------+

---END OF MESSAGE---

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.