JUSH Justice Hldgs

TIDMJUSH

RNS Number : 5527F

Justice Holdings Limited

27 April 2011

Justice Holdings Limited

Symbol: JUSH

27 April 2011

Interim Management Statement

Justice Holdings Limited ("Justice" or the "Company") today publishes its interim management statement for the period since incorporation on 7 February 2011 to 27 April 2011.

Justice was admitted to the London Stock Exchange (the "Admission") on 17 February 2011, raising gross proceeds of GBP900.0 million in its initial public offering ("IPO"). The Company was formed with the strategy of acquiring a target business which is expected to have an enterprise value of between GBP1.0 billion and GBP7.0 billion, though a target business with a smaller or larger enterprise value may be considered. The Company's efforts in identifying a prospective target business are not limited to a particular industry or geographic region.

The Board has commenced the implementation of the Company strategy by beginning the process to review a number of acquisition targets.

Following the payment of certain costs related to the Admission, as at 31 March 2011, Justice had 90,042,000 ordinary shares in issue, and cash and cash equivalent balances of approximately GBP881.6 million (equivalent to GBP9.79 per ordinary share). The net proceeds, which are easily accessible when required, have been invested in instruments available from the Sterling denominated money market (or the functional equivalent thereof) and are being held at commercial banks that are at least AA rated or better at the time of deposit. As a result of the Founder Shares and Founder Securities arrangements outlined in the Company's IPO prospectus, a charge will be recognized in the Company's income statement for the period from inception to 31 March 2011 in accordance with International Financial Reporting Standards.

The Company intends to next update the market when it announces its results for the period from inception to 30 June 2011 during August 2011.

Other than as described above, there have been no material events or transactions, nor any material change in the underlying financial position of the Company, during the period.

For more information please contact:

International Administration (Guernsey) Limited

Company Secretary

Attn: Mark Woodall

Tel: +44 1481 723450

This information is provided by RNS

The company news service from the London Stock Exchange

END

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