SMITH AND CAMPBELL NOTE "GLIMMER OF HOPE" FOR GUARDBRIDGE MILL

3.40.00pm BST (GMT +0100) Tue 29th Jul 2008

Following this afternoon's (Tuesday) meeting with KPMG Director Gary Fraser, who is the administrator of Curtis Fine Papers in Guardbridge, North East Fife's MP and MSP, who have been spearheading the discussions, noted that there is still "a glimmer of hope" for the mill if a buyer can be found in the next couple of weeks.

Commenting, Iain Smith MSP and Sir Menzies Campbell MP said, "We have urged KPMG to do all that they can to keep the mill as a going concern. It is important that the window of opportunity is maintained to give any individual or institution the best possible chance to acquire the business. It is clear that time is of the essence in this instance.

"We would very much like to see the mill continue to make paper as the facilities and people are there for it to do so however, if paper making is no longer an option it is important that every step is taken so that job opportunities are created on site."

ENDS