Further to the announcement made 14 April 2011 the Company announces that the legal claim brought by Mr Cormac Crawford, a shareholder of the Company has been settled to Mr Crawford’s satisfaction and at no cost to the Company.

For further information:

Milestone Group PLC

Deborah White, Chief Executive                                       Tel: 020 7929 7826

Cairn Financial Advisers LLP, Nominated Adviser

Liam Murray / Avi Robinson                                              Tel: 020 7148 7900

Hybridan LLP, Broker

Claire Louise Noyce / Deepak Reddy                               Tel: 020 7947 4350