Administrators Appointed to Botanic Inns Limited and Kurkova Limited

07 May 2013

FROM KPMG IRELAND:

John Hansen and Stuart Irwin of KPMG in Belfast were today appointed Joint Administrators of Botanic Inns Limited and Kurkova Limited which operate a portfolio of pubs, restaurants and hotels.  It is the Joint Administrators intention that the venues will continue to trade as normal - it is business as usual

The Joint Administrators are currently undertaking a review of the business and have spoken to management, the workforce and other key stakeholders in an effort to determine a successful outcome to the administrations, namely the survival of the business as a going concern

The Joint Administrators will be keeping management and employees informed of the progress of the administrations in the coming days and will not be in a position to comment further until they have completed their review.