INTERIM EXAMINER APPOINTED TO FASTNET LINE

1 NOVEMBER 2011

THE FASTNET Line Group of companies has been placed into lnterim Examinership by Justice Peter Kelly at a sitting of the High Court.

Michael McAteer of Grant Thornton has been appointed Interim Examiner.

The Cork to Swansea Ferry, operated by Fastnet, will discontinue its full published service with immediate effect.

All booked passengers will be contacted in the coming days, with full refunds been issued.

A further hearing date of 15th November has been set by Justice Kelly upon which the Interim Examiner will present a report on progress to the court.

Mr.McAteer is hopeful that this Examinership will be resolved as quickly as possible.

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