27 July 2007


The Board of Beale PLC recently announced a commercial agreement for the early surrender of the lease of the Ealing Store, which has been loss making. The fixed asset write off and associated closure costs will exceed the cash consideration received.

Whilst closure of the Ealing store will benefit the group in the medium term, closure costs and continued disappointing trading mean that the existing marketing forecasts will not be met in the current year


For further information:

Beale PLC                                      Tavistock Communications             Blue Oar Securities PLC
Allan Allkins, Chief Executive            Lulu Bridges                                 Mike Coe
Ken Owst, Finance Director              Polly Hutchinson                          Tel: 0117 933 0020
Tel: 01202 552022                         Tel: 020 7920 3150