Longbridge: Tuesday 12th June 2007

Nanjing Automobile (Group) Corporation and Healey Automobile Consultants Lim
ited, in conjunction with HFI Automotive Ltd, are delighted to announce thei
r intention to collaborate with each other on the future development of the
Healey and Austin Healey brands and sports cars bearing their name.

The agreement puts an end to long standing issues about ownership of the bra
nds and trade marks and expands opportunities for joint trade between the co
mpanies.

Nanjing Automobile (Group) Corporation is the Chinese parent company of Nanj
ing Automobile Corporation (UK) Ltd which acquired the assets of MG Rover in
July 2005. It is engaged in the manufacture and sale of automobiles worldwi
de and have recently re-inaugurated production of one of Britain’s favourit
e sports cars, the MG TF, at its Longbridge plant.

HFI Ltd is engaged in the design, development, manufacturing and sale, world
wide, of sports cars and are the automotive partner of the owners of the Hea
ley brand (Healey Automobile Consultants (HAC)), providing automotive design
, engineering, manufacturing, logistics, sales and marketing and consultancy
services to HAC.
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FROM 123.57.98.*