Acquisition

Brown (N.) Group PLC
03 July 2006


                                N Brown Group plc


    ACQUISITION OF HIGH QUALITY CATALOGUE BUSINESS GRAY & OSBOURN FOR £8.25M


N Brown Group, the Manchester-based direct home shopping company, is pleased to
announce the acquisition of the share capital of Gray & Osbourn Limited for a
cash consideration of £8.25m.

The acquisition of this high quality womenswear catalogue retailer is in line
with the Group's strategy to expand the number of brands it operates in the
upmarket midlife ABC1 demographic group.

Gray & Osbourn is a profitable home shopping retailer with good growth
prospects. For the year to December 2005 the company delivered turnover of
£17.2m and pre-tax profit of £0.7m. The management team will be retained and
will play a leading role in taking the business forward.

ENQUIRIES:

N Brown Group plc
Alan White, Chief Executive                                   Tel: [phone]
Dean Moore, Finance Director
Website:                                                        www.nbrown.co.uk

Gavin Anderson & Company
Fergus Wylie                                                  Tel: [phone]

Notes to Editors

About Gray & Osbourn

Gray & Osbourn is a leading catalogue brand in the UK premium home shopping
market, providing elegant co-ordinates and versatile outfits for stylish, mature
women. The brands are focused on contemporary fashion which is stylish and
inspiring. The ranges are selected from the very best of European design, as
well as Gray & Osbourn's own in-house collection.

The business was founded in 1989. In 1998 the management, backed by Piper
Private Equity, led a management buyout. The website was launched in 1999.
Further information on the company is available at www.grayandosbourn.co.uk.




                      This information is provided by RNS
            The company news service from the London Stock Exchange