SOLUS TALKS CONTINUE

Solus Garden & Leisure is making good progress in its talks with potential new business partners, both trade and financial investors, who contacted the company during and immediately following the recent conclusion of negotiations with Scotts UK Ltd.

Solus CEO Mark Pearson said that the level of interest has been high, reflecting the value placed on the unique position that Solus occupies in the UK gardening market, and the potential for development opportunities internationally.?? Having approached the trade and financial investor market with the support of Grant Thornton, strategic advisors to the business, the company was now actively engaged in meeting with the interested parties, a process which will continue over the next few weeks.?? Further updates will be given in due course.

In the meantime, sales of the company?s own brands and service levels are performing well in the crucial Easter trading period, as are orders for third party products which continue to be sold by Solus.

?We?d like to take this opportunity to express our thanks and gratitude to customers and suppliers who are working with us and have made public and private statements of support for the company,? said Pearson.

?I?d especially like to thank our loyal Solus staff who are working hard to ensure our customers receive the high level of support they deserve at this time.?

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