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Cash Bases 25 years in business

Aberdeen Asset Managers Private Equity Division ("AAMPE") today announces that one of its portfolio companies, Cash Bases Ltd ("Cash Bases"), is celebrating 25 years of success in the UK manufacturing industry.

In September 2004 AAMPE made an investment on behalf of it clients in Cash Bases. Cash Bases is now the world's largest manufacturer of customised cash drawers. With its manufacturing plant in Newhaven and sales offices in France, Spain and Germany it currently employs over 220 staff. Over recent years Cash Bases has expanded its portfolio and now supplies a range of products to enhance security and efficiency at Point of Sale. Its customers include many leading retailers in the UK and Europe. Exports throughout Europe and the rest of the world now account for over 60% of its sales.

Phil Stone, MD, says "We have unrivalled expertise in this market and we are world leaders in turning innovative ideas into products that bring real benefits to our customers. By investing in our people we deliver high quality products and provide a committed service, which in turn delivers outstanding value to our customers".

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