Cardiff City Football Club are concerned at an article in one of today's national newspapers. Some of the information contained within this article can only have come from documents which have been stolen from officials at the Club and are currently the subject of a police investigation. We are also taking legal advice with regard to the damaging contents of this article. This information has then been used out of context, is not the latest position, nor does it contain all the current facts and is therefore inaccurate.

We are happy that Cardiff City Football Club's relationships with its creditors including HMRC are such that we will not have any financial issues that will affect the ability of the Club to continue to trade as normal in all aspects of its business.

Peter Ridsdale.

3^rd January 2010