GSD Goldshield Grp

RNS Number:9077P
Goldshield Group plc
12 March 2008


Goldshield Group plc

                  Goldshield succeeds in House of Lords appeal

The House of Lords gave its Judgment this morning as to whether the price fixing
conduct alleged by the Serious Fraud Office against Goldshield Group plc
("Goldshield" or the "Company") and others can, if proved, constitute a criminal
offence (the so called "no-crime" argument). The House of Lords allowed
Goldshield's appeal and found that price fixing, of itself, does not amount to
conspiracy to defraud. The House of Lords also held that, if the Serious Fraud
Office wish to proceed with the Prosecution, it will have to review and amend
its case.

Commenting on the Judgment, Keith Hellawell, Chairman of Goldshield said:

"This is an excellent result for the Company and we very much hope, now our 
appeal has succeeded before the highest court in the land, that the Serious 
Fraud Office will bring an end to the criminal proceedings against Goldshield 
and not seek to amend its case. Given that the alleged events took place over a 
decade ago and as announced last week Goldshield has settled all outstanding 
civil claims, it is now time for the Company to move on".

                                     -Ends-

Date: 12th March 2008 
For further information please contact: 

Goldshield Group plc 
Rakesh Patel, Chief Executive 
Tel: 020-8588-9100 
Web: www.goldshieldplc.com 

City Profile 
Jonathan Gillen 
William Attwell 
Tel: 020-7448-3244 



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

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