Acquisition

Mercury Recycling Group PLC
27 November 2003

Mercury Recycling Group PLC ('Mercury') announces that it has agreed the
acquisition of the entire issued share capital of Simister Engineering Services
Limited ('Simister').  Simister's business is the collection of fluorescent
tubes and street lighting and the recycling of key components.

In the year ended 31 December 2002, Simister made a pre-tax profit before
amortisation of £80,152 and a pre-tax loss after amortisation of £11,478 on
turnover of £393,304.  As at 31 December 2002, Simister's net assets amounted to
£193,095.

Mercury will pay £875,000 for Simister which is to be satisfied as to £725,000
by the issue and allotment of 7,250,000 new ordinary shares in Mercury at 10p a
share; and, as to the balance of £150,000, in cash on completion.

The acquisition will complement Mercury's existing business, by providing a site
in the South of England.

Mr Bryan Neill, Managing Director of Simister, is to be appointed an executive
director of Mercury's board and Mr Peter Odlin is to be appointed a
non-executive director.

Application has been made for the 7,250,000 new ordinary shares to be admitted
to trading on AIM.  It is expected that completion of the acquisition and
admission to trading on AIM will take place on 2 December 2003.

Bryan John Neill, aged 44, will be employed for an initial fixed term of 1 year,
terminable by either party serving at least one year's notice on the other after
the expiry of the initial term.  His remuneration will be £60,000 per annum with
the provision of a car and private health insurance.  Other than his
directorship of Simister, there are no further details to disclose regarding Mr
Neill in respect of Schedule 2(f) of the AIM Rules.

Peter Kenneth Odlin, aged 50, is to be appointed a non-executive director of
Mercury, with his appointment to be terminable by either party serving three
months written notice on the other.  He will be entitled to an annual fee of
£1,000.  Mr Odlin is a partner of Atkins Odlin Partnership and was a director of
Atkins Odlin Consulting Engineers Limited until 30 June 2003.  There are no
further details to disclose regarding Mr Odlin in respect of Schedule 2(f) of
the AIM Rules.




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