Statement From Former MWB Director

Statement From Former MWB Director

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Statement From Former MWB Director PR Newswire LONDON, November 26,

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Statement From Former MWB Director
PR Newswire LONDON, November 26, 2012
LONDON,November 26, 2012/PRNewswire/ --
Richard Balfour-Lynn, former CEO of MWB Group Holdings Plc reacted to today's public statement by Pyrrho:
"I note Pyrrho's latest public salvo in its campaign against the former MWB Board. The matters have been raised before, albeit misguidedly, and the Board has responded accordingly each time. Suffice to say that, as Pyrrho well knows, all decisions during my time at the helm were taken by the full Board, subject to a unanimous vote, with the benefit of independent external advice and in the interests of all shareholders equally."
Issued by: Melanie Riley Bell Yard Communications +44(0)7775591244