Further to a statement made yesterday regarding a legal action commenced by Hull City in respect of its former Chief Executive Officer, the Company wishes to clarify the following:

1. The Company believes that Mr Duffen has acted in breach of his employment contracts and fiduciary duties as a director, through the use of Company monies for his own personal expenditure and other wrongdoings.

2. The Company also believes that he has acted in breach of his employment contracts and fiduciary duties as a director, through the payment of certain monies by third party football agents to Mr Duffen's services company, in return for which Mr Duffen procured that Hull City contract with the agents for business.

Consequently, on 15 January last, the Company successfully sought and obtained a High Court order freezing Mr Duffen's assets.

The Company also wishes to clarify that, contrary to a tabloid newspaper article today, Mr Duffen has not issued any legal proceedings against the Company and Hull City does not believe he has any basis whatsoever for doing so.