IHGP IN House

 
TIDMIHGP 
 
For immediate release 
 
                                                                   31 March2009 
 
                              In House Group Plc 
 
                         ("In House" or the "Company") 
 
                                Trading Update 
 
The Board of In House announces that the Company has been in regular 
discussions with the Dunfermline Building Society ("Dunfermline"), which 
indicated in its latest update to the Company that it expected the existing 
facilities to continue to their expiration (the first occurring in August 
2010). After this the Company does not expect the facilities to be renewed. 
Clearly, the management of the facilities is now out of the Dunfermline's 
hands, due to the recent change in ownership, and therefore the Company awaits 
information from the new managers.  The Company have maintained its interest 
payments on time every month and have no formal breaches or demand letters 
issued from the Dunfermline. 
 
The Company is also in discussions with several investors with a view to 
completing a refinancing of In House to ensure it can complete the 
refurbishment of the properties as referred to in the Interim Review and, 
indeed, exploit new acquisition opportunities as and when they arise. The 
Company expects to be able to update the market with more details of this 
shortly. 
 
 
 
The Company is pleased to announce a new framework deal with Jomast Properties, 
a direct government agency, for the provision of accommodation. In House Group 
have apportioned a majority of the Stockton Upon Tees properties to Jomast on 
the basis of a 2 year contract until 2011. This gives added security to the 
portfolio going forward and allows the Company to concentrate on its other 
property assets. Jomast have signed up for one property initially although the 
Company expects this to be rolled out across the remaining Stockton Upon Tees 
properties, amounting to 53 Units, shortly. 
 
For further information please contact: 
 
Marcus Cassidy, CEO, In House Group Plc, Tel: 0845 061 9999, Email: 
mcassidy@ihgroup.co.uk 
 
Sergio Pani, Ulysses, Tel: 0845 3452 705, Email: sergio@ulyssesmarketing.com 
 
Roland Cornish, Beaumont Cornish Limited, Tel: 0207 628 3396 
 
 
 
END 
 

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