Acquisition of Eco Animal Health

Lawrence plc
            Acquisition of minority shareholding in ECO Animal Health


Lawrence plc ("Lawrence") is pleased to announce that it has today signed  heads
of agreement with the shareholders of ECO Animal Health, subject to contract, to
acquire the 50 per cent. that Lawrence does not already own of ECO Animal Health
(Europe) Limited ("ECO") (the "Acquisition").  ECO is the holding company of the
trading operation of ECO Animal Health which specialises in the development  and
distribution  worldwide  of  veterinary  pharmaceutical  products.   The   Board
anticipates  that  it  will enter into a formal agreement  with  regard  to  the
Acquisition shortly and a further announcement will be made in due course.

The  initial  consideration will be £8 million in cash,  to  be  satisfied  from
Lawrence's  own  resources, and the issue of 3.3 million new  Lawrence  ordinary
shares.   The  new  shares will be the subject of a lock in arrangement  whereby
they  cannot  be  sold before the second anniversary of the  completion  of  the
Acquisition  without  the  prior specific approval of the  Company  and  Charles
Stanley, its Nominated Adviser.  Further consideration of up to one million  new
ordinary  shares may become payable in the event that certain profit performance
targets are met by ECO before 31 March 2009.

In  the  year ended 31 March 2004, profits before tax attributable to  ECO  were
£1million on revenues of £14million; net assets were £2.6million.

Application for the 3.3 million new ordinary shares to be admitted to trading on
AIM  will  be made following completion of the Acquisition. There will  then  be
30,120,727 Lawrence ordinary shares in issue.

Peter Lawrence, Chairman of Lawrence, commented:

"We  are  delighted  that  ECO  will soon become a wholly  owned  subsidiary  of
Lawrence at what should prove to be a very exciting point in the development  of
the  company.    The  recent  positive developments  in  relation  to  Aivlosin,
including  the commencement of marketing in Europe, coupled with the work  being
undertaken  on  further valuable marketing authorisations, should  underpin  the
anticipated growth in ECO".

4th October 2004

Enquiries:

Lawrence plc                       020 8336 2900
Peter Lawrence

Charles Stanley & Co Ltd           020 7739 8200
Philip Davies

Redleaf Communications Ltd              020 7955 1410
Emma Kane

Spiro Financial                    020 8949 0428
Anthony Spiro