Investment in India

Empresaria Group PLC 18 May 2006 Empresaria Group plc Investment in Interactive Manpower Solutions Limited Empresaria Group plc ('Empresaria' or 'the Group') is pleased to announce that on 17th May 2006 it invested INR (Indian Rupees) 42,440,000 (approximately £500,000) by way of equity investment and convertible debentures in return for an approximate 25% stake in Interactive Manpower Solutions Private Limited ('IMS '). Empresaria has agreed to make a further INR 29,760,000 (approximately £350,000) available to fund further expansion of the business and retains an option to increase its shareholding to 67.5% in the future. This transaction continues the expansion of Empresaria's international operations, taking the Group into a fast growing economy and rapidly developing staffing market. IMS was established early in 2006 by AAA IT Solutions Private Limited, an India based IT company specialising in HR related software. It has established operations in Ahmedabad and will be using the funds invested to establish a national branch network across India. The focus of IMS operations is on permanent and temporary staffing, HR outsourcing and training. As well as providing business solutions to the expanding Indian market, it is anticipated that IMS will offer HR services to companies outside of India. Commenting on the acquisition, Miles Hunt, Chief Executive of Empresaria said: 'India offers both growth opportunities and access to high quality, lower cost skills and resource. We are delighted to have invested in such a fast developing business, with such an ambitious management team in such a dynamic market place.' For further enquiries please contact: Empresaria Group Plc 01293 649 900 Tony Martin (Chairman) Miles Hunt (Chief Executive) Nick Hall-Palmer (Finance Director) First City Public Relations 020 7436 7486 / 07739 185 050 Ian Foster Notes for editors: Empresaria Group plc is an international specialist staffing group built on a philosophy of management equity. Empresaria was formed in 1996 by Miles Hunt and consists of 26 staffing companies. Its business model allows founder managers and key staff within Empresaria's subsidiaries to acquire or retain a meaningful stake in the businesses they run or work in. Empresaria currently provides specialist recruitment services across five sectors in the UK; namely: 1. Construction, Property Services & Engineering; 2. Supply Chain; 3. Public Sector; 4. Financial Services; and 5. Specialist Brands. In addition, Empresaria is actively expanding internationally and has already established operations in the US, China, Japan, Australia, Thailand, Indonesia, Czech Republic and Slovakia. This information is provided by RNS The company news service from the London Stock Exchange
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