PUG Public Rec.

RNS Number:0657C
Public Recruitment Group plc
27 April 2006



Public Recruitment Group PLC
New Banking Arrangements


Public Recruitment Group PLC ("PRG"), the public sector recruitment and services
group specialising in the education, healthcare and social work sectors,
announces details of its new banking arrangements.


Barclays Bank PLC is to replace Fortis Bank S.A./N.V. with immediate effect.


The new facility comprises Term Loans of #16.5m, Invoice Discounting of up to a
maximum of #12m and a revolving working capital facility of #1.5m; total #30m.


The increase in the overall facility will allow outstanding earn out payments to
the vendors of Kellis Group Limited and JCJ Limited to be settled in cash and
loan notes rather than in PRG shares.


Commenting on the above arrangements, Darren McLaney, Chief Executive said:


"The appointment of new bankers is an important step for PRG. It allows us the
option of settling all currently outstanding earn outs in a combination of cash
and loan notes, thereby avoiding a heavy dilution of earnings for the existing
shareholders of PRG. The facilities that we have agreed with Barclays will be
sufficient to fully support our future growth plans".


For further enquiries:

Public Recruitment Group PLC
Darren McLaney, Chief Executive                   Tel: 0114 283 4925


Public Recruitment Group PLC
Nick Williams, Group Finance Director             Tel: 0114 283 4925

Bridgewell Securities Limited
John Craven, Managing Director                    Tel: 020 7003 3000







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