CTU Conister Tst

RNS Number:6186M
Conister Trust PLC
25 January 2008


FOR IMMEDIATE RELEASE                                            25 January 2008


Conister Trust plc ("Conister" or the "Company")
Scheme of Arrangement Approved by Court

The Company announces that, at the Court Hearing to sanction the Scheme of
Arrangement (the "Court Meeting") held  today, the Scheme of Arrangement was
duly approved by the Isle of Man Court.

The Scheme is expected to become effective and dealings in the new holding
company, Conister Financial Group Plc, are expected to commence on AIM on 30
January 2008.


ENDS

For further information, please contact:
Conister Trust plc
Jeremiah Linehan Director
Tel 01624 694694
Beaumont Cornish Limited
Roland Cornish
Tel +44 (0) 20 7628 3396

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated
by the Financial Services Authority and which is a member of the London Stock
Exchange, is the Company's and CFG's nominated adviser for the purposes of the
AIM Rules and, as such, its responsibilities are owed solely to the London Stock
Exchange and are not owed to the Company, CFG or any of their respective
directors or any other entity or person. Beaumont Cornish will not be
responsible to anyone other than the Company and CFG for providing the
protections afforded to clients of Beaumont Cornish or for advising any other
person in relation to the contents of this document or any of the accompanying
documents. No liability is accepted by Beaumont Cornish for the accuracy of any
information or opinions contained in, or for the omission of any material
information from this document and the documents which accompany it.



EXPECTED TIMETABLE OF EVENTS

Latest time and date for lodging forms of proxy for the 11.30 a.m., 15 January 2008
Court Meeting*

Record Date of the Scheme 15 January 2008

Court Meeting 11.30 a.m., 17 January 2008

Court Hearing of Petition to sanction the Scheme 25 January 2008

Effective Date for the Scheme 30 January 2008

CREST accounts credited by 30 January 2008

Admission of the New Ordinary Shares to AIM and the 30 January 2008
commencement of dealings

Definitive share certificates despatched by CFG in respect of 8 February 2008
New Ordinary Shares not held in uncertificated form






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

END
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