An open letter

An Open Letter to Previous Employees, Customers and Suppliers of Butler & Tanner From the Chairman of Butler, Tanner & Dennis0

“How a Book of Poetry Saved the Day”

Today, a fresh chapter begins in the long history of Butler & Tanner of Frome.

The business is to be reborn as a new company: Butler, Tanner & Dennis. We endeavour to open our doors for business on 1st August 2008, seeking to turn the page on the recent past and on events which have caused so much distress to so many people.

Thanks are especially due to several of the company’s previous managers led by Kevin Sarney and Peter Maunder; to Company Administrator, Peter Kubik of UHY Hacker Young; to Ann Field and Steve Smith of Unite; to Mark Harman of Target Corporate Finance; to finance companies HSBC and Fortis; our landlords London & County (Frome) LLP; to local MP David Heath and to Mendip District Council. We have been overwhelmed by the support from Butler & Tanner’s workforce and especially from our commercial and book publishing clients. I wish to express my gratitude to all concerned.

Ian Leggett, Group Finance Director of Dennis Publishing for many years, has acted on my behalf throughout and is appointed Deputy Chairman. Kevin Sarney is appointed Managing Director. Other appointments will be announced shortly.

It was the superb print quality of my own book, Island of Dreams, last year, that first brought the company to my attention. In that sense, the workforce of the company was significantly involved in the resurrection of the business. While we cannot re-employ all previous personnel of Butler & Tanner (or anything like that number at the present time) we intend offering employment to 80 former members of staff immediately. It is our hope that this number will rise substantially in the months to come.

As sole owner, I can make no promises concerning trading prospects. Nevertheless, I am happy to provide certain assurances: (1) with my full financial support, the company is now adequately financed; (2) all key machinery and plant has been secured; (3) the business will trade from its premises in Frome; (4) every effort will be made to offer employment to previous employees; (5) further financial investment will be available, when appropriate.

Understandably, you may wish to know a little more about Dennis Publishing. A sense of our corporate values and philosophy can be found on our website at www.dennis.co.uk. We have been in business since 1974 and the company is currently included in the annual Sunday Times list as one of the UK’s ‘Top 100 Best Companies to Work For’. Dennis Publishing currently publish some 50 magazines and websites worldwide.

Please join me in wishing the very best of luck to Butler, Tanner & Dennis — a company with roots in a distinguished past and with every prospect of success in the future. I trust it will not be considered presumptuous for me to add that it is our intention to re-establish a company of which Joe Tanner would have been justly proud.

Felix Dennis
Chairman
Butler, Tanner & Dennis 17 July 2008