Acquisition

PSD Group PLC
05 August 2004

EMBARGOED UNTIL 7.00AM ON 5 AUGUST 2004

5 August 2004

PSD Group plc
Acquisition of Portfolio International Limited ('Portfolio') for £1.95 million

PSD Group plc ('PSD') has acquired the entire share capital of Portfolio from
Prime People plc for £1.95 million in cash payable on completion. Prime People
plc is an associate company of PSD by virtue of PSD's 29.5% shareholding in
Prime People plc.

The most recent accounts for Portfolio for the year ended December 2003 showed
that the company had turnover of £2.35 million and incurred a loss before tax of
£457,000 after providing for a termination payment of £298,000 relating to the
former Chief Executive and a management charge from the holding company of
£200,000. At the year-end the net assets were £500,000. The business has traded
profitably during the first seven months of this year.

Portfolio is one of the leading executive recruitment consultancies specialising
in the leisure and hospitality industry both in the UK and overseas.

Chief Executive Francesca Robinson commented 'The acquisition of Portfolio
expands PSD's offering to the Travel and Leisure sector and PSD's international
network provides Portfolio with an opportunity for growth both in the UK and
overseas.'


Enquiries:-

PSD Group plc

Ian Moss Finance Director Tel: [phone]




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