Acquisition

Judges Capital PLC
05 September 2006





              JUDGES CAPITAL EXPANDS VIA FIRE TESTING TECHNOLOGY'S
                      ACQUISITION OF AITCHEE ENGINEERING

                                5 SEPTEMBER 2006


The Board of Judges Capital plc ('Judges' or 'the Company') announces that Fire
Testing Technology ('FTT'), a wholly owned subsidiary of the Company, has
acquired the business and assets of Aitchee Engineering Associates ('Aitchee' or
'the Business') for a maximum cash consideration of £230,000.


Aitchee, which specialises in the manufacture of engineering parts and finished
products, has been a key sub-contractor of FTT which is the Business's largest
customer. The Directors of Judges expect this transaction to increase FTT's
operating flexibility, secure supplies and enhance EBITA with immediate effect.


Aitchee, formed by Hugh and Eunice Evans in 1971, is unincorporated and operates
out of premises owned by Mr and Mrs Evans in Limpsfield, Surrey. The Business
will continue to operate out of these premises in the short term although the
intention is to relocate to a site close to FTT's premises in East Grinstead,
West Sussex.


In the year to 31 July 2006 the Business is estimated to have generated
unaudited profits of £150,000 from sales of £510,000, which included sales of
more than £100,000 to FTT. Such profits are before rent and remuneration which,
had the business been incorporated, might otherwise have been paid to the
owners. Total expenditure by FTT in respect of the type of products it purchases
from Aitchee and other sources amounts to approximately £230,000 per annum.


FTT, through a new subsidiary, Aitchee Engineering Ltd, will purchase machinery
and stock having a book value of approximately £7,000.


The consideration payable to Mr and Mrs Evans amounts to £220,000, of which
£200,000 is due at completion, with a further £20,000 payable after a year. In
addition, an earn-out not exceeding £10,000 will be payable, subject to sales to
third parties during the year to 31 July 2007 exceeding sales to third parties
in the preceding financial year. The maximum purchase price of £230,000 will be
funded from Judges' existing cash balances.


The majority of the purchase price represents goodwill which Judges intends to
amortise over three years. Although the Directors of Judges expect the
acquisition to enhance earnings per share (before amortisation) with immediate
effect, the full benefits will not become apparent until 2008 in view of the
fact that the 2007 accounts will reflect the costs of the intended relocation.




                                      Ends



For further information please contact:


David Barnbrook, Managing Director FTT:                     Tel: [phone]
Mike Sawbridge, Shore Capital & Corporate:                  Tel: [phone]
Melvyn Marckus, Cardew Group:                               Tel: [phone]







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