REG-NEWCOURT GROUP PLC Statement re Media Speculation and Banking Update

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Mon May 25, 2009 11:43am EDT 

DUBLIN--(Business Wire)--


Newcourt Group plc

Ticker: NEW.I

Media Speculation and Banking Update

In light of recent media speculation, Newcourt announces that it has received an
approach from Adrian McGennis, Managing Director of Sigmar Group, with an
indication that he would like to explore the possibility of making an offer for
some or all of the Sigmar businesses. No discussions have yet taken place in
relation to the possible terms of any such offer, nor has any formal proposal
been received. A further announcement will be made at the appropriate time. Mr
McGennis has today resigned from the Newcourt board. 

Newcourt also confirms that the discussions with its principal bankers in
relation to its current indebtedness are ongoing. The bank has now formally
indicated that it considers Newcourt to be in breach of certain of its banking
covenants and the board of Newcourt is addressing this as a matter of urgency. A
further announcement will be made when appropriate. 

Contacts

                                                                          
 Ivan Murphy (NOMAD)             Mark Kenny/Jonathan Neilan          
                                                                     
 Davy Corporate Finance          K Capital Source                    
                                                                     
 Tel: +353 1 679 6363            Tel: +353 1 663 3680                
                                 Email: Newcourt@kcapitalsource.com  


NEWCOURT GROUP PLC 

Copyright Business Wire 2009
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