Acquisition

M.P. EVANS GROUP PLC ("M.P. EVANS")



  Purchase of shares in the The North Australian Pastoral Company Pty. Limited
                 ("NAPCo") and issue of new shares in M.P. Evans


The  board is pleased to announce that a conditional agreement has been  reached
with  Mr  J  D  Shaw, a director of M.P. Evans, to acquire Sandlark Pty  Limited
("Sandlark"),  an  Australian company owned by Mr Shaw and his wife.  Sandlark's
sole  investment is its holding of 302,607 shares in NAPCo. The agreed  purchase
price  for Sandlark is A$2,467,297 which will be satisfield by the issue  to  Mr
Shaw  of  389,577  new M.P. Evans shares - these shares will not  rank  for  the
interim  dividend  of  2p per share payable on or after  4  November  2008.  The
transaction is based on a purchase price of A$11.50 per NAPCo share and an  M.P.
Evans  share  price of 290.45 pence per share. Loans of A$1,019,982 to  Sandlark
from Mr and Mrs Shaw will be repaid in cash on completion.

Although the purchase of the shares from Mr Shaw is a related-party transaction,
it  does not fall under rule 13 of the AIM rules as the class tests are below  5
per  cent.  Nevertheless, the M.P. Evans board believes that the transaction  is
fair and reasonable. Mr Shaw abstained from the board's decision to proceed with
the  transaction. The transaction is subject to the approval of  the  Australian
Foreign  Investment  Review Board, which is expected to be received  within  the
next month.

As  a  result of the transaction, M.P. Evans' share of NAPCo will increase  from
32.57%  to 34.37%. This represents a further step in the implementation  of  the
Group's  strategic  objective of expanding both its Australian  beef-cattle  and
Indonesian palm-oil interests.

Following  the  approval  of  the Australian Foreign  Investment  Review  Board,
application  will be made to the London Stock Exchange plc for the admission  of
the new shares to trading on AIM.

For further information:

M.P. Evans Group PLC                      01892 516333
Philip  Fletcher,  Joint  Managing   and
Finance Director
Peter  Hadsley-Chaplin,  Joint  Managing
Director

Hudson Sandler                            020 7796 4133
Andrew Hayes
James White

Panmure Gordon                            020 7459 3600
Edward Farmer
Rakesh Sharma


3 October 2008