Acquisition

Babcock International Group PLC 10 September 2004 10 September 2004 BABCOCK INTERNATIONAL GROUP PLC Acquisition of Turner and Partners Babcock International Group Plc ('Babcock') today announces it has completed the acquisition of Turner and Partners. Turner and Partners is a market leading professional services company engaged in acquisition, design and construction management activities to the majority of the UK mobile telecommunications network operators. In the 12 months to the 30 June 2004 Turner and Partners turnover was some £4m and it employed approximately 70 people. Through its combination with the existing Babcock business, Eve Telecom, this strategically important acquisition will significantly enhance the service offering of the telecommunications business. Babcock paid £4.1m in cash and loan notes at completion. This figure could rise to a maximum amount payable of £7.4m over the next 3 years, contingent upon performance. Commenting on the acquisition Peter Rogers, Babcock CEO, said: 'The acquisition of Turner and Partners will enable Babcock to offer the mobile telecommunications network operators an end-to-end life cycle service to develop, maintain and support their operational network assets. With the rollout of the 3G networks now underway we anticipate significant synergies from the combination of the skills of Turner and Partners and Eve Telecom'. Babcock International Group PLC Peter Rogers 020 7291 5000 Bill Tame Alan Robertson Financial Dynamics Andrew Lorenz/Richard Mountain 020 7831 3113 Notes to editors: About Babcock International Group PLC Babcock International Group PLC is a support services business providing technical services, training and facilities management to the defence and civil sectors. In the year to 31 March 2004 sales from continuing business were £438 million. The Group operates in two principal sectors: Technical Services (engineering and support services in defence, rail, marine and secure facilities sectors) and Training & Support (support services, training and facilities management for the defence and civil sectors). Babcock's head office is in London and the Company's shares are quoted on the London Stock Exchange. For further information, please visit Babcock's website at www.babcock.co.uk. This information is provided by RNS The company news service from the London Stock Exchange
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