Company Profile For Northgate PLC

Northgate plc is a United Kingdom-based investment holding company. The Company operates in two business segments: the hire of vehicles and fleet management. Its operations are located in the United Kingdom, Republic of Ireland and Spain. As of April 30, 2009, the principal subsidiary undertaking of the Company includes Fleet Technique Limited, Furgonetas de Alquiler S.A., GPS Body Repairs Limited, Northgate (Europe) Limited, Northgate (Malta) Limited, Northgate (MT) Limited, Northgate (TM) Limited, Northgate Vehicle Hire Limited and Record Rent a Car S.A.

BRIEF: For the fiscal year ended 30 April 2009, Northgate plc's revenues increased 5% to £609.6M. Net loss totaled £185.7M vs. an income of £61.3M. Revenues reflect an increase in income from Spain region. Net loss reflects a significant increase in cost of sales, higher intangible amortisation, a rise in finance costs, the presence of restructuring costs, the presence of impairment of assets and the absence of property profit.