MWH Millwall Hldgs

RNS Number:5944R
Millwall Holdings PLC
04 April 2008


                             Millwall Holdings plc
                                (the "Company")

                               Facility Agreement

The Company has completed an amendment and restatement agreement ("Amendment
Agreement") to the original facility agreement with Chestnut Hill Ventures LLC
("CHV") dated 2 March 2007 pursuant to which CHV agreed to provide an additional
Facility B Loan to the Company of up to �3 million. The original loan, the
Facility A Loan, which was for �5 million, is repayable on or before the third
anniversary of funds being drawn down under it and the Facility B Loan which is
for up to �3 million is repayable on or before the second anniversary of funds
being drawn down under it.

The Facility B Loan will carry interest at the rate of 10 per cent per annum, is
not convertible and contains a condition subsequent that the directors of the
Company provide further loans of not less than �300,000 in aggregate to the
Company by 2 May 2008. The Amendment Agreement updates the terms of the facility
agreement entered into on 2 March 2007.

The Facility B Loan will be used for the Company's working capital requirements.
John Berylson a director of the Company has a controlling interest in CHV and
CHV is a substantial shareholder in the Company therefore the Amendment
Agreement will be a related party transaction under the AIM Rules. The directors
of the Company, other than John Berylson and Demos Kouvaris (both of whom are
also directors of CHV), consider, having consulted with Seymour Pierce Limited,
that the terms of the transaction are fair and reasonable insofar as
shareholders of the Company are concerned.

Enquiries:
Heather Rabbatts                       Tel: 020 7232 1222
Millwall Holdings plc

John Depasquale                        Tel: 020 7107 8000
Seymour Pierce




                      This information is provided by RNS
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