M.P. Evans Group PLC
Purchase of Australian beef-cattle property, Springmount
The board is pleased to announce that, further to the announcement made on 22
September 2006, the acquisition of the 7,581-hectare beef-cattle property,
Springmount, for a total of A$9.27 million (approximately £3.7 million), has now
been completed. The purchase has been financed by debt. Springmount adjoins the
Group's existing beef-cattle and arable properties, Woodlands, Flinton and
Baquabah. With the addition of Springmount, the aggregation now comprises some
31,000 hectares which will enable important economies of scale to be achieved.
Australian beef-cattle prices have risen sharply in the past fortnight following
some significant rainfall.
By order of the board
J F Elliott
Company secretary
19 March 2007
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