CBOX Cake Box Holdings Plc

RNS Number:1526G
Cashbox PLC
23 October 2007


                                  Cashbox PLC

                            ("Cashbox" or "Company")

Cashbox ,the UK ATM provider, today announces that it has reached agreement on a
full and final settlement (the "Settlement") with Hanco ATM Systems Limited
("Hanco") concluding the litigation brought by Hanco against the Cashbox ATM
Systems Limited (the "Company's Subsidiary").

Under the terms of the Settlement, the Company's Subsidiary has agreed to pay
#1.8 million to Hanco together with interest accruing daily if payment is
deferred. The Company's Subsidiary has the option of deferring payment of the
#1.8 million for up to 2 years on the basis that interest will accrue on the
settlement sum at a rate of 5 per cent. per annum for the first year and at 20
per cent. per annum thereafter. Payment of any interest may also be deferred for
up to 2 years. The obligations of the Company's Subsidiary under the Settlement
are guaranteed by the Company.

As previously announced, the Company's Subsidiary has the benefit of a joint and
several indemnity in connection with this litigation, which the Company and its
subsidiary propose to enforce. In accepting the terms of the Settlement, Hanco
foregoes the right to bring any further claims against the Company or its
subsidiary in relation to the subject matter of the proceedings.

John Maples, Chairman, of the Company, commented:
"I am pleased that both sides have been able to reach agreement and bring this
matter to a close. The Company is currently at a key stage of its growth and one
that demands the full attention of its senior management. This settlement draws
to a close one of the major issues that Ciaran Morton and David Auger inherited
on joining the Company in April 2007.

"With the recent funding secured through our credit agreement with Bank of
Scotland, the management team is now able to fully concentrate on the rapid
deployment of ATMs across our estate and drive this business forwards towards
profitability."

For further information:

Cashbox PLC                                               01256 441000
David Auger, Chief Financial Officer

Threadneedle Communications                               020 7936 9606
Josh Royston/Graham Herring



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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