Acquisition

Begbies Traynor Group PLC
15 February 2005



RNS Release

15 February 2005


                            Begbies Traynor Group plc

                          Acquisition of A. Segal & Co

Begbies Traynor Group plc ('Begbies Traynor' or 'the Group') (AIM: BEG), the 
UK's foremost independent insolvency, corporate rescue and recovery specialist,
today announces the acquisition of an established South East-based insolvency
practice - A. Segal & Co ('Segal').

The Group will pay £450,000 for Segal initially. Over the course of the next
three years, it will make further payments of a minimum £50,000 per annum plus a
turnover-related uplift conditional upon Segal's satisfactory achievement of
turnover targets. The Group does not expect the gross consideration to exceed
£1m in total.

Based in Chingford, Essex, the firm specialises exclusively in insolvency work
(company administrations, personal bankruptcies, liquidations and
receiverships). Established in 1980 by Mr. Andrew Segal, the firm's new case
work mostly results from its strong business relationships with local solicitors
and accountants. In the year to 30th April 2004, Segal's fees received were in
excess of £850,000.

Andrew Segal and the firm's staff will largely relocate to Begbies Traynor's
London office, although the Chingford address will remain as a 'satellite'
office.

The main strategic rationale for Mr. Segal joining Begbies Traynor is the
opportunity to handle larger cases, which as a national business with greater
resources the Group is better able to win.

The acquisition is Begbies Traynor's first since floating on AIM in October 2004
and a key part of the Group's objective to double market share by 2007. Begbies
Traynor plans to grow through sustained organic expansion and by making other
acquisitions of smaller independent practices, with further deals expected this
year.

Ric Traynor, Executive Chairman of Begbies Traynor, comments:

'We are pleased to welcome Andrew and his colleagues to Begbies Traynor. He has
built up a very good, profitable firm. He has joined Begbies Traynor to do
bigger and better work which will be possible because of our relationship with
banks and our national network.

'We anticipate that there will be cost savings as a result of the integration of
Segal into the Group's operations; however, we expect the acquisition to be
earnings enhancing even before such benefits.

'This acquisition is the first since we floated and we intend to do more this
year as we aim to achieve our stated intention of doubling our market share
within three years.'

Enquiries, please contact:

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

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 corporate insolvency management, offering expertise in
administrative receivership and liquidation services as well as personal
insolvency management including individual voluntary arrangements. It also
offers services in the fields of corporate rescue and forensic investigation.
The Group has grown to its current network of 23 nationwide offices ranging from
Scotland to the South West of England, with over 240 people. The Company intends
to pursue a strategy of organic development, coupled with the acquisition of
specialist knowledge of both individuals and firms, to further increase its
scope and range of 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 45 licensed insolvency appointment takers, some 140 fee
earning staff and 55 in support and administration. In total the Group operates
from some 23 locations of which five are regional offices, a further eight are
full offices and ten are satellites.

Business Activities

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




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