PRESS RELEASE
THE RIGHT DEAL FOR CLIENTS - WALKER CRIPS AND ASHCOURT ROWAN AGREE INVESTMENT

MANAGER TRANSFER TO FOCUS ON CLIENTS' BEST INTERESTS

6th June 2012
Walker Crips and Ashcourt Rowan have announced this morning that they have agreed to facilitate the transfer of six Investment Managers from Savoy Investment Management Limited to Walker Crips Stockbrokers Limited.

This agreement represents a further step in Walker Crips' growth strategy and its stated aim of serving clients as they wish to be served - as individuals. The investment managers will be focused on continuing to provide clients with the most suitable investment management, advice and access to services.

The deal is in line with Ashcourt Rowan's strategy and its new integrated wealth management business, investment process and operating model.
Rodney FitzGerald, CEO, Walker Crips Group commented "We are delighted that we have made this agreement with Ashcourt Rowan and will continue to provide these Investment Managers' clients with a bespoke service. We are well placed to act in our new clients' best interests, in accordance with their own specific requirements, with our bespoke investment management, wealth management and stockbroking services. "
The transfer follows the announcement of Walker Crips acquisition and expansion plans after the

disposal of the WCAM division to Liontrust and the hiring of Mark Rushton as the Firm's new CIO.

Mark Rushton adds "This fresh injection of talent will complement the existing skills of our capable investment team as we continue to make investment rewarding for our clients. We are looking forward to working alongside our new colleagues and welcoming their clients to this special firm."

About Walker Crips

Walker Crips predecessors first bought and sold shares for clients on the London Stock Exchange in
1914. Through acquisitions, the company can now trace its roots as far back as the 18th century,

making it one of the City of London's oldest independent companies.

Today Walker Crips Group plc is a fully listed UK public company specialising in Fund Management, Wealth Management, Stockbroking and Structured Investments.
Walker Crips Group plc incorporates the following companies which are authorised and regulated by the Financial Services Authority.