RNS Number : 3369Q

Coolabi PLC

08 April 2009

Coolabi plc (the "Company")

Suspension announcement

The Board of the Company notes the recent movement in its share price and confirms that it is in early stage discussions regarding a potential transaction which, should it proceed, would constitute a reverse takeover of the Company under the AIM Rules. As a result the Company's shares will be suspended from trading in accordance with the AIM Rules. The Board will update shareholders of progress in due course.

Enquiries:

Jeremy Banks/ Tim Ricketts, Coolabi plc 020 7258 7080

Tom Price / Bobbie Hilliam, Evolution Securities: 020 7071 4300

Wendy Timmons / Verity Williams, Portland PR: 020 7842 0123

This information is provided by RNS

The company news service from the London Stock Exchange

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