LMR Luminar Grp

RNS Number:2501R
Luminar Group Holdings PLC
01 April 2008

Luminar Group Holdings plc

Statement regarding Candu Entertainment Group Limited

In June 2005, Luminar Group Holdings plc ("Luminar") disposed of Candu
Entertainment Group Limited ("Candu") at which time the business included 49
nightclubs of which 14 were freehold properties and 35 were leasehold. Luminar
has now been advised that insolvency proceedings have commenced in relation to
Candu. Of these 35 leasehold properties, it is believed that 26 were held by
Candu at the time of entering insolvency proceedings.

Luminar now understands from the administrator of Candu that Agilo Limited 
("Agilo"), a London-based investment firm, has entered into arrangements with
Candu's administrator to operate, under licence, 20 of these leasehold units.

Additionally, in June 2006, five of the 35 leasehold units held by Candu were
sold to Summit Limited, a small nightclub operator, which has now been placed in
liquidation and the Board believes the liquidator is currently in the process of
seeking offers for these units.

Under some circumstances, the leases of the leasehold units held by Candu at the
time of its disposal in June 2005 could therefore, in due course, revert to
companies within the Luminar group. The total annual property costs relating to
the 35 leasehold units were approximately �4.9 million at the time of the
disposal in 2005. The Board is confident that, should any lease reversions
occur, Luminar will be able to institute a range of corporate and operational
actions to limit substantially any financial impact of such reversions.

A further announcement will be made as appropriate.

                                                                   1 April 2008

Enquiries

Luminar Group Holdings plc
Stephen Thomas, Chief Executive                                    01908 544120
Nick Beighton, Finance Director                                    01908 544135

College Hill
Justine Warren                                                     020 7457 2020






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