REG-Syndicate Asset Mgt: Termination of Potential Offer Talks

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Thu Oct 29, 2009 12:44pm EDT 

Syndicate Asset Management Plc                         

                  ("Syndicate", the "Company" or the "Group")                  

                     Termination of Potential Offer Talks                      

The Board confirms that all approaches were rejected a number of weeks ago and
since then the Company has not had any contact with any possible offeror.
Accordingly, the Company announces that it is no longer in an offer period for
the purposes of the City Code on Takeovers and Mergers.

                                    -Ends-                                     

Further information:

Syndicate Asset Management plc

Jonathan Freeman (Group CEO) Tel: 020 7659 8060

Cenkos Securities plc

Stephen Keys/Julian Morse Tel: 020 7397 8900

GTH Communications

Toby Hall/Christian Pickel Tel: 020 7153 8039



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