Acquisition

Mattioli Woods PLC
10 July 2007








Press Release                                                      10 July 2007




                               Mattioli Woods plc


                       ('Mattioli Woods' or 'the Group')


                   Acquisition of Pension Consulting Limited



Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, today
announces that it has acquired the entire issued share capital of Pension
Consulting Limited ('PCL') for a total consideration of up to £1.925 million,
subject to PCL's net assets at completion including a net cash balance of not
less than £0.15 million.

Established in 1999 and based in Leicester, PCL administers pension schemes on
behalf of 145 small self-administered pension scheme ('SSAS') and 213
self-invested personal pension ('SIPP') clients.  It has funds under trusteeship
of over £185 million and its subsidiary company, PC Trustees Limited, acts as
trustee to the schemes.  PCL's experienced team of two consultants and 11
administration staff will be retained by the Group following the acquisition.

In the year ended 31 May 2007, PCL generated a profit on ordinary activities
before taxation of £0.30 million on revenues of £0.81 million.  The acquisition
is expected to be earnings enhancing in its first full year.  PCL's net assets
at 31 May 2007 were £0.32 million.

The total consideration includes an initial payment of up to £1.525 million
funded from the Group's existing cash resources and deferred consideration of up
to £0.4 million, of which £0.24 million will be paid in the two years following
completion, with the remaining payment of up to £0.16 million being determined
with reference to an earn-out mechanism based on growth in scheme numbers during
the two years following completion.

Commenting on the acquisition, Ian Mattioli, Chief Executive of Mattioli Woods,
said:

'I am very pleased to announce our acquisition of PCL.  Demand for pensions
consultancy and administration in the SSAS and SIPP market is increasing
strongly.  As previously stated, it is the Board's intention to consolidate
Mattioli Woods' position in this fragmented market.  Growing our presence by
acquisition will continue to be an important element of our strategy for future
growth.

'PCL is a good cultural fit with Mattioli Woods.  Like Mattioli Woods, PCL has
focused on attracting clients who require bespoke personal service and
specialist advice.  PCL does not provide the broad range of services that
benefit Mattioli Woods' clients and this provides the platform to offer
additional services, such as our syndicated property initiative and guaranteed
investment products, to PCL's existing client base.

'The acquisition will enhance our service offering by consolidating best
practice across the enlarged Group, implementing improvements in administration
systems to realise operational efficiencies.

'The Board of Mattioli Woods remains confident that our growth strategy, based
on a combination of specifically targeted acquisitions and organic growth,
including the introduction of innovative new products, continues to be the most
effective way to deliver the increasingly tailored solutions our clients 
demand.'


                                    - Ends -


For further information please contact:

Mattioli Woods plc
Bob Woods, Executive Chairman                         Tel: [phone]
[e-mail]                             www.mattioli-woods.com


Ian Mattioli, Chief Executive                         Tel: [phone]
[e-mail]                          www.mattioli-woods.com


Nathan Imlach, Finance Director                       Tel: [phone]
[e-mail]                         www.mattioli-woods.com


Evolution Securities Limited
Joanne Lake, Corporate Finance                        Tel: [phone]
[e-mail]                             www.evosecurities.com



Media enquiries:
Abchurch
Helen Spivey/ Emma Johnson                            Tel: [phone]
[e-mail]                          www.abchurch-group.com




Note to editors:


Mattioli Woods

Mattioli Woods was established in 1991 by Ian Mattioli and Bob Woods.  The Group
provides pensions consultancy and administration services primarily to
owner-managers, senior executives and professionals.  Mattioli Woods' key
activities include complex pensions consultancy, the provision of self-invested
personal pensions ('SIPP') and small self-administered pension schemes ('SSAS'),
advice on related business affairs, including pension investment services and
the facilitation and administration of syndicated property schemes.  Its focus
is at the higher end of the market where clients require bespoke service and
specialist advice.


Mattioli Woods listed on the AIM market on 23 November 2005.


Pension Consulting Limited

Pension Consulting Limited, formed in 1999, is a financial services company
specialising in providing pension consultancy services to high net worth
individuals.  Its services are principally provided in conjunction with existing
advisers to individuals and companies.

Pension Consulting Limited has its own professional trustee company, PC Trustees
Limited, which is authorised by the Financial Services Authority ('FSA') to
provide and administer self invested personal pensions.  PC Trustees Limited is
a member of the Association of Member-Directed Pension Schemes ('AMPS'), a main
function of which is to maintain an ongoing dialogue with HM Customs & Excise to
help shape and interpret Inland Revenue practice for pension schemes.




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