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Date: Wednesday 27 Aug 2008

LONDON (ShareCast) - Natural food ingredients business Micap said it has requested the temporary suspension of its shares pending clarification of its current financial position.

Micap's working capital position was adversely affected due to higher-than-expected professional advisory fees in relation to the abortive acquisition, leaving it with funds sufficient for only the next one to three months.

"The company's working capital position over this period will depend on how negotiations proceed with these professional advisers over the next three weeks. The board expects to make a further announcement in due course," it said.

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