Lincat Group plc (“Lincat” or “the Group”)

Sale of former manufacturing site for £7.5m

The Board of Lincat, the AIM listed manufacturer of commercial catering appliances, bar equipment and domestic range cookers, is pleased to announce that the unconditional exchange of contracts for the sale of IMC’s former manufacturing site in Hertfordshire took place on 11 April 2008 for £7.5 million.

The total net cash inflow from the sale after payment of further disposal costs and taxation will be approximately £7.3m.

A non-refundable deposit of £1m was paid on exchange by the purchaser, with a further £1m to be paid on 30 September 2008.  The balance of £5.5m will be paid on the completion date of 30 June 2009.

The proceeds from the sale of this site will be used to pay down most, if not all, of the outstanding balance of the term loan taken out in July 2007 to part-fund the tender offer (the term loan representing the overriding majority of the Group’s current net debt position).