Cantina Augusto plc
LSE : CANP

February 28, 2011 02:00 ET

MARKET UPDATE, RESIGNATION OF DIRECTOR AND DELAY IN ACCOUNTS

                                            Cantina Augusto Plc
                                       ("Cantina" or "the Company")

                       MARKET UPDATE, RESIGNATION OF DIRECTOR AND DELAY IN ACCOUNTS


The Company announces the cessation of trading of its 100% owned subsidiary Fast Consultants Limited, which
trades as Pucci Pizza.  The decision was taken because of the continuing ongoing losses exacerbated by the
current economic climate.

As a result of this decision, the Board of the Company would like to inform shareholders that the final
results for the year ended 30 September 2010 will be delayed. The Board has to delay these results until
the audit has been completed but in any event will announce the results no later than the end of March
2011.

The Company also announces the resignation of Mike Nash as Chairman of the Company with immediate effect.
The Board wishes to thank him for his contribution and support and wish him well for the future.

The Directors of the issuer accept responsibility for this announcement

                                                  --END--


Contacts:

Cantina Augusto plc

Adriano Bernabei                         Tel: 01926 888 302



Rivington Street Corporate Finance

Heena Karani                             Tel: 0207 562 3393






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