Acquisition

Begbies Traynor Group PLC
14 June 2006



RNS Release

14 June 2006

                          Acquisition of Wilson Pitts

Begbies Traynor Group plc ('Begbies Traynor' or 'the Group') (AIM: BEG), the
UK's largest nationwide independent insolvency, corporate rescue and recovery
specialist, today announces the acquisition of the entire equity interests of
David Wilson and Julian Pitts, the founding partners of Leeds-based corporate
and personal insolvency firm Wilson Pitts.

Wilson Pitts's entire client base and 17 full-time staff will be transferred
with immediate effect to Begbies Traynor's ownership.

The acquisition is for an initial cash consideration of £1.1 million, and under
the terms of the deal, Begbies Traynor has the option to pay an additional sum
of £700,000 in cash or by issuing 424,242 shares at £1.65 per share in the
Group. There will be further additional payments subject to the new partners
meeting robust turnover targets. In its last trading year, Wilson Pitts achieved
fee income in the region of £1.8 million.

The directors of Begbies Traynor conclude that the acquisition should enhance
earnings per share of the Group, both initially and after any additional
consideration is paid.

Wilson Pitts was founded in Leeds in 1989, and has its roots serving the
Yorkshire business community. While it is a provider of general corporate and
personal insolvency services, it has particularly strong contacts and experience
in the residential care home market. However, in order to continue to expand,
Wilson and Pitts partners chose to join Begbies Traynor for the opportunity to
work on larger, more technically challenging cases which they recognised were
only possible from high street bank referrals, a network from which Begbies
already receives considerable business.

The new Leeds office is now one of three main Group offices serving the
Yorkshire region. Collectively, these offices have eight licensed insolvency
practitioners and over 45 professional and support staff, and are responsible
for around £6 million in total annual fee income.

This latest acquistion is part of the Group's strategy to expand its range of
services and presence in the mid-corporate and personal insolvency markets.

The Group is expected to announce its preliminary results for the year ended 30
April 2006 on Monday 3rd July 2006.

Ric Traynor, Executive Chairman of Begbies Traynor, comments:

'With three main offices in Yorkshire we now have strong representation in this
region. Finding a high quality acquisition in this part of the country was a key
goal this year. We are therefore delighted to welcome Julian and David and their
colleagues to the Group.'

Enquiries, please contact:

Ric Traynor                 Neil Boom/Tanya Feness
Executive Chairman          Gresham PR Ltd.
Begbies Traynor Group plc   020 7404 9000
0161 839 0900

Mike Sawbridge
Director of Corporate Finance
Shore Capital Stockbrokers Limited
0151 600 3722

Information on Begbies Traynor can be accessed via the Group's website at
www.begbies-traynor.com

Notes to editors:

About Begbies Traynor Group plc

The Group specialises in business insolvency management and is becoming
increasingly active in the area of personal insolvency. It also offers services
in corporate rescue and investigation services and has entered the field of
corporate finance.

In November 2005, the Group entered the rapidly-expanding volume personal
insolvency market via the acquisition of W3 Debt Solutions, a firm specialising
in providing advice and practical support to individuals in debt.

The Group has grown to its current network of 32 nationwide offices ranging from
Scotland to the South West of England, with 350 operatives. The Company
continues to pursue its strategy of organic development, coupled with the
acquisition of specialist knowledge of both individuals and firms, to further
increase its market share in its core services.

The Directors believe that the Group is the UK's largest independent insolvency,
corporate rescue and recovery specialist with clients ranging from major
institutions to individuals with business difficulties.
The Office Network

The Group operates with 60 licensed insolvency appointment takers, some 225 fee
earning staff and 65 in support and administration. The Group operates from 32
locations of which 5 are regional offices, a further 18 are full offices and 9
are satellites.

Business Activities

The core business of the Group is the formal administration of insolvencies
including receiverships, liquidations, administrations, company voluntary
arrangements and business-related personal insolvencies. The Group has extended
its activities into a range of consultancy services including corporate rescue,
credit management, forensic and investigation services and corporate finance.






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