TIDMMWB TIDMLBE 
 
RNS Number : 5612I 
MWB Group Holdings PLC 
15 March 2010 
 

FOR IMMEDIATE RELEASE 
15 March 2010 
 
                  MWB Group Holdings Plc ("MWB" or the "Group") 
         Sale of Freehold of Liberty Flagship Store for GBP41.5 million 
 
MWB today announces that its 68% subsidiary, Liberty Plc ("Liberty" or "the 
Company"), has exchanged contracts for the sale of the freehold interest in 
Liberty's 125,000 sq ft flagship store on Great Marlborough Street, London W1, 
from which it operates its retail business for GBP41.5 million, to Sirosa 
Liberty Limited.  The sale price reflects an initial yield of 4.8%. 
 
On completion of the sale, Liberty will lease back the store and continue to 
operate from the building as one of London's most cutting edge, but accessible, 
design-led retailers. Under the terms of the transaction, Liberty will take an 
institutional 30-year lease on the building at an initial annual rent of GBP2.1 
million, with five yearly fixed rent reviews during the intervening period. 
 
The freehold of the flagship store was valued at GBP30.25 million at 31 December 
2009, the date of Liberty's recent financial year end, based on an annual rental 
of GBP2.0 million and an eight year lease term. The sale price therefore 
represents a substantial surplus over that valuation, reflecting the increased 
demand for prime freehold property assets in Central London. 
 
The sale proceeds will be used by Liberty to repay its bank debt and other 
liabilities, including short-term loans from MWB, and to provide additional 
financial resources for the Company. 
 
The sale is conditional on approval by the shareholders of MWB, which will be 
sought by means of the issue of an explanatory circular and notice of General 
Meeting during April 2010.  The Board of MWB, which owns 15.8% of the Group's 
issued share capital, has confirmed its approval of the sale, and shareholders 
associated with the Board owning a further 17.5% have also confirmed their 
approval of the sale. 
                                      Ends. 
 
+-----------------------------------------+---------------------+ 
| MWB Group Holdings Plc                  | +44 (0) 20 7706     | 
| Richard Balfour-Lynn, Chief Executive   | 2121                | 
| Jag Singh, Finance Director             |                     | 
|                                         |                     | 
+-----------------------------------------+---------------------+ 
| Panmure Gordon (Financial Adviser and   | +44 (0) 20 7459     | 
| Broker)                                 | 3600                | 
| Hugh Morgan                             |                     | 
| Adam Pollock                            |                     | 
|                                         |                     | 
+-----------------------------------------+---------------------+ 
| Baron Philips Associates (Financial PR  | +44 (0) 20 7920     | 
| Adviser)                                | 3161                | 
| Baron Philips                           |                     | 
+-----------------------------------------+---------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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