Feb 7 Cosalt PLC : * Is in discussions with potential buyers of its two main operating businesses * Directors continue to believe that the sales would not result in any value
being attributable to shareholders * Directors' opinion that the disposals remain the best way of ensuring their
long term future * No alternative source of funding is currently available to the group. * If banks conditions cannot be met, likely to enter insolvency proceedings on
or before 28 February 2013.