MEDIA RELEASE

On behalf of Mrs Jean Hubbard and her family

6 September 2011

The family of Allan and Jean Hubbard thank the community for their condolences and their concern for Mrs Hubbard as she recovers in hospital.

They are now preparing a private funeral for Mr Hubbard. The family wishes to acknowledge that the statutory managers have made some of Mr and Mrs Hubbard's funds available for funeral expenses.

The family welcome the agreement of the Serious Fraud Office that the prosecution of Mr Hubbard will not continue and look forward to confirmation from the Court that the prosecution is at an end.

The family also welcomed the Prime Minister's indication of a process to consider Mrs Hubbard coming out of statutory management next week. In that regard, Mrs Hubbard and her family have instructed their representatives to take up the Registrar of Companies' offer to meet to progress matters, as a matter of urgency. In the interim, the judicial review case, challenging the decision to place Mr and Mrs Hubbard personally into statutory management, which was to begin in Timaru on Wednesday, has been adjourned.

To assist with Mrs Hubbard's recovery and to enable the family to grieve Mr Hubbard's death, the family continue to request privacy.

At this time the family do not intend to make any further comment until after Mr Hubbard's funeral.

Edgar Bradley

Bradley West

Adviser to the family

ENDS

© Scoop Media