BT 49 06 Crawley Town Football Club

Statement from Rob Sadler, partner at Begbies Traynor and joint administrator for Crawley Town Football Club.

The administrators have issued a second proposal for a revised Company Voluntary Arrangement with the Company's creditors. Should creditors accept the Company Voluntary Arrangement, they will receive a dividend of 50 pence in the pound. If the creditors reject the offer, the administrators will have no choice but to cease to trade and wind up the Company.

It is hoped that everyone, both the creditors and fans, will get behind the proposal and continue to show their support, on and off the pitch. The administrators are delighted that the team is playing its part in reducing the Football Conference's ten points deduction as quickly as possible.



Ends

Press contact:
Sarah Hooley
Bell Pottinger North
01625 506425

Information on Begbies Traynor can be accessed via the Group’s website at
www.begbies-traynor.com

Notes to editors:

About Begbies Traynor Group plc

The Group specializes in business insolvency management and is becoming increasingly active in the area of personal insolvency. It also offers services in corporate rescue and investigation services and has entered the field of corporate finance.

In November 2005, the Group entered the rapidly-expanding volume personal insolvency market via the acquisition of W3 Debt Solutions, a firm specializing in providing advice and practical support to individuals in debt.

The Group has grown to its current network of 32 nationwide offices ranging from Scotland to the South West of England, with 350 operatives. The Company continues to pursue its strategy of organic development, coupled with the acquisition of specialist knowledge of both individuals and firms, to further increase its market share in its core services.

The Directors believe that the Group is the UK's largest independent insolvency, corporate rescue and recovery specialist with clients ranging from major institutions to individuals with business difficulties.

The Office Network

The Group operates with 60 licensed insolvency appointment takers, some 225 fee earning staff and 65 in support and administration. The Group operates from 32 locations across the UK.

Business Activities

The core business of the Group is the formal administration of insolvencies including receiverships, liquidations, administrations, company voluntary arrangements and business-related personal insolvencies. The Group has extended its activities into a range of consultancy services including corporate rescue, credit management, forensic and investigation services and corporate finance.