Acquisition

Compass Group PLC 6 March 2002 6th March 2002 Simultaneously with USA Release COMPASS GROUP PLC ANNOUNCES THE ACQUISITION OF BON APPETIT Compass Group PLC is delighted to announce its agreement to acquire Bon Appetit Management Company, a foodservice company based in Palo Alto, California. The consideration payable by Compass Group is $155.8m (£113.7m), which will be paid in cash from banking facilities. This agreement has the support of the Bon Appetit Board and is following agreement with Shidax, the majority shareholder of Bon Appetit Management Company. Bon Appetit serves more than 150 accounts in 185 locations across the United States, employs 8,000 associates, and in its last financial year (year ended 26th August 2001) had annual sales of $279m with approximately 50% of its clients in the education sector including Santa Clara University, California and the American University in Washington DC. Gary Green, Chief Executive Compass Group's North American Division, said, 'We are delighted with this acquisition. Bon Appetit is highly regarded in our industry and is an excellent fit for the Group - augmenting our existing presence in the education and business and industry sectors.' Fedele Bauccio, co-founder and CEO of Bon Appetit Management Company, said, 'We were looking for a company that understood the quality associated with Bon Appetit, and one that would value our culture, our people, and our operating style. I believe we found that with Compass Group. I would never have gone with a company other than Compass Group.' The transaction is expected to complete by the end of the month. Ends Enquiries: Cathi Lawrence, Compass Group PLC +44/0 1932 573000 Tim Grey, Brunswick +44/0 207 396 7408 Note: Compass Group is the world's largest foodservice company employing over 300,000 people in over 90 countries and with annual revenues in excess of £9bn. Compass Group provides foodservice for clients including major employers, educational establishments, hospitals, leisure venues, retail locations and at major airports and stations throughout USA, Europe, and developing markets in Asia and South America. It operates through sector- specific subsidiaries such as Eurest, the world's largest specialist in providing foodservice to business and industry clients, and Select Service Partner, the European market leader in foodservice at airport restaurants and rail stations. Further information on the Group can be found at www.compass- group.com This information is provided by RNS The company news service from the London Stock Exchange
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