Neville Kahn, Nick Dargan and Lee Manning of Deloitte have today been appointed administrators of Adjustbetter Limited which carries out the UK trade of Kookai from 55 outlets across the country.

The administrators are carrying out a rapid review of the business and in the meantime the business continues to trade whilst a buyer for some or all of the business as going concern is found.

Neville Kahn said "Kookai is a very strong retail brand. For some time there has been uncertainty over the franchise arrangements with Kookai SA and this administration enables more stability to be brought into the business. The operations will continue to trade and I am very confident that with the support of staff, customers and suppliers we will be able to conclude a sale of some or all of the business as a going concern."

- ENDS -

Notes for editors
Kookai trades from 25 stores and 30 concessions. It employs 600 people. Adjustbetter Limited is a wholly owned subsidiary of Forminster Plc whose shares were suspended on 22 December 2005.

About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP.

Deloitte & Touche LLP is based in 21 UK locations, with over 9,500 staff nationwide and fee income of £1,355 million in 2004/2005. It is a member firm of Deloitte Touche Tohmatsu, a leading professional services organisation, delivering world class audit, tax, consulting and corporate finance services, with around 120,000 people in over 140 countries. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.

Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.

The information contained in this press release is correct at the time of going to press.