EXC Exc

    3 April 2008

                                EXC plc ("EXC")                                

                             Closure of subsidiary                             

The Board of EXC announces that it has decided to close one of its trading
subsidiaries, David Conrad (International) Ltd ("DCI"), with immediate effect.
DCI will engage in a structured closure, meeting all its obligations.

The reason for the decision taken was the difficulties currently existing in
the UK Leather Market. DCI's business is heavily dependent on the sales of
leather garments sourced from the Far East which are coming under increased
margin pressure. The directors are therefore not confident of the prospects for
DCI in the short term. April is also the optimum time for DCI to effect the
closure because of the seasonality of the business. The costs of closure are
expected to be in the region of �400,000.

The Board considers that the capital investment currently financing DCI would
be better utilised by expanding two of Excalibur's areas of business; firstly,
its specialised heavy equipment rental business; and secondly, an oil
infrastructure business that Excalibur has been developing since early 2007.
Both are showing good short-term growth prospects and the directors are hopeful
that they will make significant contributions to the Group in the future.

Enquiries:

EXC plc

Michael Edelson - Chairman 0161 975 0434

John East & Partners Limited

David Worlidge 020 7628 2200



END

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