LONDON, September 13 /PRNewswire/ --

- 100% Offsetting Plus Competitive Pricing a Hit With Consumers

Since its launch on World Environment Day in June, ibuyeco
customers have now offset over 18,000 tonnes of CO2 as part of their car
insurance policies. ibuyeco combines a competitive insurance quote and 100%
offsetting of a car's CO2 emissions compared to other 'green' insurance
schemes which merely offer to offset 20%(i).

The 18,000 tonnes that have been offset are the equivalent to
the annual CO2 emissions of 3,214 UK households (based on 5.6 tonnes of CO2
per home)(ii). That is roughly the equivalent to the population of Totnes,
Devon(iii)

A small additional offset fee is added to the car insurance
quote to compensate for the annual CO2 emissions of the car. These emissions
are calculated according to DEFRA (Department for Environment, Food and Rural
Affairs) guidelines and are based on the car's engine size, fuel type and
annual mileage of the vehicle.

The 18,000 tonnes of CO2 that have been offset in the last
three months have been done so in conjunction with the leading CO2 offsetting
company, The CarbonNeutral Company (TCNC). TCNC funds energy efficiency and
renewable energy projects at home and abroad. All TCNC projects are
independently audited by KPMG for consumer's peace of mind.

Lucy Bailey, Marketing Manager, ibuyeco commented: "We are
delighted with the response so far and ibuyeco seems to resonate strongly
with consumers. With UK road traffic accounting for twenty five per cent of
all CO2 emissions there was huge demand for an insurance product that helped
counteract the damaging effect our every day use of the car was making.
ibuyeco is a practical step for people to make whilst also giving them a
competitive insurance quote."

(i) ecoinsurance from CIS Cooperative Insurance offsets 20% of the car's
emissions.

(ii) Data supplied by the Edinburgh Centre for Carbon Management working
with The Carbon Neutral Company.

(iii) National census 2001

Notes to Editors:

- The CarbonNeutral Company is the world's leading full service
carbon management business, enabling businesses and individuals to tackle
their climate change impacts in a way which delivers value - commercial,
environmental, personal. Clients include: Silverjet, Avis Europe, Honda,
Berkeley Homes, Barclays Bank, BSkyB, Crystal Holidays, Royal & Sun
Alliance, Volvo, Lex, Radio Taxis Group, Euro RSCG, Ricoh, and Bovis Lend
Lease.

- In London alone, 2.3 million tonnes of CO2 are produced each
year from London road traffic, equivalent to a jumbo jet flying to the
moon and back 71 times.

- Ibuyeco was launched by the BGL Group Ltd on World
Environment Day 2007.

The Budget Group of Companies (the Group) was founded in 1992
and has grown to become one of the UK's largest personal lines insurance
intermediaries, through a combination of organic growth and a series of major
strategic acquisitions (the last major acquisition was five years ago).

The Group now arranges and administers insurance for over 1.7
million customers, has contact centre operations (Fusion) in Peterborough,
Coventry, Sunderland, Peterlee in the UK, and Cape Town, South Africa, and a
number of websites, including - http://www.ibuyeco.co.uk and
http://www.comparethemarket.com. The Group currently employs over 2000 
people with its head office in Peterborough.

As an intermediary, the Group is able to access a wide range
of underwriters, making it highly competitive in the marketplace offering
core products such as motor, home, commercial vehicle and motorcycle
insurance. The Group also offers a wide range of supplementary products,
which include breakdown cover, legal protection and travel insurance.

BISL Ltd, part of the BGL Group Ltd is authorised and
regulated by the Financial Services Authority.

Registered Address: Pegasus House, Bakewell Road, Orton
Southgate, PE2 6YS. Registered in England no 3231094

Contact Details: 

    Main: 
    Threepipe Communications
    Georgina Coates
    +44-(0)207-470-4805
    georgina.coates@threepipe.co.uk

    Secondary: 
    Threepipe Communications
    Peter McAllister
    +44-(0)207-470-4811
    peter.mcallister@threepipe.co.uk