HTP Hat Pin

    Disposal and Board Change
             



                       Hat Pin plc ("Hat Pin")

            Sale of The Talent Business and Board change

Hat Pin, the international human resources group, today announces the
sale of The Talent Business for a cash consideration of �1.5m,
potentially rising to �2.5m over the next two years. The sale follows
the announcement on 21 January 2008 that Group profitability for the
previous year had been materially impacted by the poor second half
performance of The Talent Business.

The Hat Pin Board has concluded that the optimum route to create
shareholder value is to:

  * continue its strategy of diversifying group revenue streams,
  * grow its profitable businesses - Akamai Financial Markets,
    Executive Access and Saxton Bampfylde, and
  * dispose of The Talent Business.

The Board is pleased to have reached agreement to sell The Talent
Business to its former Chief Executive, Gary Stolkin, for an initial
cash consideration of �1.5m. An additional amount of �1.0m is payable
over the next two years subject to certain performance criteria.

The original Hat Pin operating company and formerly known as Kendall
Tarrant Worldwide, The Talent Business is a specialist in marketing
communications talent, with six offices around the world.

In its unaudited accounts for the year ended 31 December 2007, The
Talent Business reported an operating profit of �30,000 on a turnover
of �5.4m. As at 31 December 2007, The Talent Business had net assets
of �1.01m.

Hat Pin will recognise a loss on disposal of around �1.9m in its 2007
statutory accounts. This will have no impact on the Group's cash
position. The net proceeds received from the disposal will be used to
reduce Hat Pin's current bank indebtedness and to grow its profitable
businesses.

Due to the involvement of the former CEO of The Talent Business, Gary
Stolkin, the disposal constitutes a related-party transaction under
the AIM Rules of the London Stock Exchange. The Directors of Hat Pin
consider, having consulted with Hat Pin's Nominated Adviser, Arden
Partners plc, that the terms of the Disposal are fair and reasonable
insofar as the shareholders of Hat Pin are concerned.

Hat Pin also announces today the resignation from the Board of
Michael Brennan, currently Chairman of The Talent Business, with
immediate effect.

Commenting on developments, Angela Campbell-No�, Chief Executive of
Hat Pin plc, said:

"Today's disposal gives Hat Pin a more focused platform from which to
continue its growth strategy and the Group is also now strongly
positioned to enhance further its existing operations.

"Additionally, I would like to thank Mike for all his efforts on
behalf of the Group and we wish him well."

                                ENDS

For further information:

Hat Pin plc
+44 (0)20 7438 8600
Terry Hitchcock, Non-Executive Chairman
Angela Campbell-No�, Chief Executive
Paul Billett, Finance Director

Arden Partners plc
+44 (0)12 1423 8943
Steve Douglas

The Hogarth Partnership
+44 (0)20 7357 9477
Julian Walker

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