REG-Interbulk Group PLC: Re: Artenius UK Limited

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Thu Jul 30, 2009 2:00am EDT

30 July 2009

                              InterBulk Group plc                              

                        ("InterBulk" or the "Company")                         

                              Artenius UK Limited                              

The Company has recently been informed that administrators from Deloittes
("Administrators") have been appointed to Artenius UK Limited, Wilton
("Artenius"). Artenius is a key client for InterBulk's Dry Bulk business with
an estimated annualised turnover of approximately £6 million.

The Company welcomes the statement by the Administrators that Artenius will
continue to trade whilst the Administrators seek to sell Artenius as a going
concern. However, InterBulk believes it would be prudent at this time to
recognise any possible impact in the current financial year. This could amount
to a reduction of approximately £0.6 million of pre-tax profits if the PTA
Wilton production plant which had already temporarily shutdown remains closed.

In addition, InterBulk has approximately £0.7m of receivables and stock
associated with Artenius. An exceptional write off could be required in the
event that recovery was not possible from alternative sources and/or settled by
the administrators.

Trading within InterBulk's other operations remain in line with management's
expectations.

For further information, please contact:

InterBulk Group plc                                       Tel: 01355 575 000
                                                                            
David Rolph, Non-Executive Chairman                                         
                                                                            
Koert van Wissen, CEO                                                       
                                                                            
Scott Cunningham, Finance Director                                          
                                                                            
Dowgate Capital Advisers (NOMAD)                          Tel: 020 7492 4777
                                                                            
James Caithie/Antony Legge                                                  
                                                                            
Arden Partners                                            Tel: 020 7398 1600
                                                                            
Chris Hardie                                                                
                                                                            
Buchanan Communications                                   Tel: 020 7466 5000
                                                                            
Charles Ryland, Jeremy Garcia, Ben Romney                                   



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