Acquisition

Glen Group PLC
05 September 2006


                    Glen Group plc ('Glen' or 'the Company')

                 Acquisition of Explore IT Limited ('Explore')

The Board of Glen is pleased to announce that, through its subsidiary Glen
Communications Limited ('Glen Communications'), it has acquired the entire
issued share capital of Explore for a cash consideration of £115,000, funded
from internal sources and existing bank facilities.

Explore is a small IT services business based in Edinburgh providing IT support
services, equipment supply and consultancy to SMEs. The business has recently
been refocused wholly on the SME market following the completion of a number of
corporate and healthcare projects and as a result, has downscaled its operations
substantially since its last published set of financial statements for the year
ended 31st December 2005.

Glen Communications intends to develop Explore as its SME focused IT services
arm and will transfer its existing IT services business and support contracts
into Explore. This will allow Glen Communications to achieve greater service
delivery focus in this area as it expands its operations.

At completion of the acquisition, the directors of Explore have, by mutual
consent, resigned, eliminating the business development costs shown in the
financial information below, as well as a corporate focused consultant. This
leaves Explore with five continuing employees.

Below are the results of Explore for the year ended 31st December 2005 taken
from the unaudited filed accounts for that year expanded to include a breakdown
of the turnover and gross profit into its various business sectors. The
unaudited figures for the half-year to 30th June 2006 taken from the internal
management accounts are also included.

                                        6 Months ended              Year ended
                                        30th June 2006      31st December 2005
                                                     £                       £
Turnover:
Corporate consultancy                           26,507                 165,375
Healthcare consultancy                         116,016                 182,770
IT Support services                            132,855                 269,472
Total Turnover                                 275,378                 617,617

Cost of sales                                  243,607                 541,730
Gross profit/(loss):
Corporate consultancy                          (14,329)                  1,711
Healthcare consultancy                          60,826                  78,501
IT Support services                             34,756                  48,625
Business development                           (49,482)                (52,950)
Total Gross Profit                              31,771                  75,887
Overhead                                        25,395                  66,647
Profit before interest and taxation              6,376                   9,240
Interest (net)                                     193                     876
Profit before taxation                           6,569                  10,116
Taxation                                             0                       0
Profit retained                                  6,569                  10,116

Glen Communications intends to complete the integration of the Explore business
by the end of September. Only the IT support services business will be continued
by Glen Communications and much of the overhead shown above is expected to be
eliminated before the end of October 2006. Eclectic Group Limited, Glen's
corporate focused subsidiary, will benefit from the transfer of the residual
healthcare practice, including the transfer of the senior consultant.

The balance sheets of Explore, taken from the unaudited filed accounts at 31st
December 2005 and the unaudited management accounts as at 30th June 2006, is
summarised as follows:

                                    30th June 2006          31st December 2005
                                                 £                           £

Fixed Assets                                 5,554                       6,134

Current Assets
Stock                                            0                      13,012
Debtors and prepayments                     57,351                      83,403
Bank and cash                               29,474                      21,927
Total Current Assets                        86,825                     118,342

Current Liabilities
Creditors and accruals                      19,959                      44,876
Taxation                                         0                       1,786
Value added tax                             24,326                      21,289
Directors' loans                                 0                      15,000
Total Current Liabilities                   44,285                      82,951

Net Current Assets                          42,540                      35,391

NET ASSETS                                  48,094                      41,525

Represented by:

Share capital                                  233                         233
Reserves                                    47,861                      41,292

SHAREHOLDERS' EQUITY                        48,094                      41,525


Since 30th June Explore has been trading at a loss as a direct result of
carrying the salary costs of the corporate consulting business and the business
development arm.

Commenting today, Graham J Duncan, Chief Executive of Glen Group plc, said:

'Explore is a great little business which fits neatly into the Group and from
which we can see immediate value being added. This acquisition is very much in
keeping with our strategy to build up Glen through bolt on opportunities which
allow us to enhance our services to SMEs as well as continuing to grow
organically'

                                                              5th September 2006

Enquiries:

Glen Group plc
Graham J Duncan, Chief Executive                   Tel: [phone]

College Hill Associates
Alex Walters                                       Tel: [phone]




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