Full repayment of loan


Greatfleet PLC
29 April 2008



29 April 2008

                                 Greatfleet plc
                        ("Greatfleet" or the "Company")

                    Repayment of Baronsmead Convertible Loan

The Board of Greatfleet PLC (AIM: GFG), the specialist recruitment business,
announces that on 28th April 2008 the Company repaid in full the outstanding
#280,000 convertible loan owed to venture capital trusts which are managed by
ISIS EP LLP.

The loan facility was originally taken out by Longbridge International Plc in
2003 before its reverse takeover by Greatfleet in November 2005. Longbridge
International Plc has since been re-branded Longbridge Search & Selection and is
one of the two leading recruitment brands under the holding company, Greatfleet.

The repayment of the convertible loan follows the announcement made on the 23rd
April 2008 in which Greatfleet stated that it had discharged all amounts owed to
General Capital for an undisclosed amount which was less than the total amount
owed to General Capital (#659,000).

On the 7th April 2008 Greatfleet announced it had raised approximately #1.48
million through the issue of new ordinary shares in the Company. The funds were
raised as part of a restructuring of the business and the Company's balance
sheet is now clear of all commercial loans.


Enquiries:

Greatfleet plc
Colin Gerstein, Chief Executive Officer                       Tel: 0845 881 0700

Noble & Company Limited
Nick Naylor                                                   Tel: 0207 763 2200
Nick Athanas

Parkgreen Communications Limited
Lucy Lake                                                     Tel: 020 7479 7933
Ben Knowles




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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