Wednesday, 14th March 2007

Fraser Eagle announces future plans following Grand Central sale

Fraser Eagle Group is to pursue a number of new business opportunities in the UK and Malta following the sale of its Grand Central Railway subsidiary.

Fraser Eagle’s sister company ADFX Ltd sold its 79 per cent stake in Grand Central to a private-equity backed investment group on Monday March 13.

This sale will allow Fraser Eagle Group, and Malta-based ADFX Ltd, to develop new initiatives.

In the UK this includes the recently established Fraser Eagle Transport Partnerships that will provide transport procurement and management services to local authorities.

New funds will also support the further development of Fraser Eagle’s managed transport services to the UK airline industry.

In Malta Fraser Eagle is developing a number of new businesses including an insurance captive, destination management company and business centre.

“We are committed to our future growth, both in the UK and in Malta, and that’s why we will be reinvesting in these exciting new business areas”, says Fraser Eagle group managing director Kevin Dean.

Notes to Editors

1) Fraser Eagle Group is a multi-million pound group of companies with operations in the coach, bus and rail sectors. It also specialises in managed taxi services, corporate travel, incident management, event transport, contract interior design and project management.

2) Fraser Eagle employs around 350 people nationwide and is the largest supplier of managed transport services to the UK rail industry.

3) Using two 24-hour control centres and a nationwide database of over 5,000 coach and taxi operators, Fraser Eagle transports thousands of people on a daily basis.

4) In 2007 Fraser Eagle will operate approximately 270,000 taxis and 60,000 coaches on behalf of its clients.

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