Acquisition

Mattioli Woods PLC
19 February 2008


Press Release                                                  19 February 2008



                               Mattioli Woods plc

                      ('Mattioli Woods' or 'the Company')

                          Acquisition of the JB Group


Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, announces
it has acquired the trade and assets of John Bradley Financial Services ('JBFS')
and North Star SIPP LLP ('North Star') (together 'the JB Group') for a total
consideration of up to £2.59 million, subject to certain revenue and client
retention targets being met during the three years following completion.

Established in 1989 by John Bradley, a former Chairman of the Association of
Member-Directed Pension Schemes ('AMPS'), the JB Group operates from two offices
in Lutterworth, near Leicester.  JBFS provides pensions consultancy and
administration services to a core active portfolio of 235 small
self-administered pension scheme ('SSAS') and 55 self-invested personal pension
('SIPP') clients, with an average scheme value of over £0.5 million.  The JB
Group also provides third party administration services to more than 300
additional SSAS and SIPP clients, with total funds under trusteeship of over
£400 million.

The JB Group's experienced team of three consultants and 22 administration staff
will be retained by Mattioli Woods following the acquisition.

On 18 February 2008 the Company also entered into separate agreements to acquire
the entire issued share capital of JB Trustees Limited and Bank Street Trustees
Limited (together 'the Trustee Companies') and John Bradley Financial Services
Limited (together with the Trustee Companies 'the Dormant Companies') for a
nominal consideration.

North Star was established in October 2006 and subsequently authorised by the
Financial Services Authority ('FSA') to establish and operate personal pension
schemes, including SIPPs, under the new regulatory regime introduced on 6 April
2007.  The Trustee Companies act as trustees to the pension schemes.  The
Dormant Companies have never traded and have negligible net assets in aggregate.

The total consideration consists of an initial payment of £1.25 million funded
from the Group's existing cash resources and deferred consideration of up to
£1.34 million, of which £0.64 million will be paid in the three years following
completion, with the remaining payment of up to £0.70 million being determined
with reference to an earn-out mechanism based on revenues generated during the
three years following completion.

In the year ended 31 March 2007 the JB Group generated a net profit of £0.40
million before partners' salaries and drawings, on revenues of £1.37 million.
The JB Group's net assets at 31 March 2007 were £0.51 million.  The acquisition
is expected to be earnings enhancing in the first full year of ownership.

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

'I am delighted to announce our acquisition of the JB Group.  John Bradley is a
highly-regarded industry figure who is recognised as having made a significant
contribution to the development of self-invested pensions through his work with
AMPS.  In common with Mattioli Woods, the JB Group's core business is focused on
attracting clients who require bespoke personal service and specialist advice.
This acquisition gives us the opportunity to eliminate overheads that are
duplicated between the two businesses and offer additional services that benefit
Mattioli Woods' clients, such as our syndicated property initiative and
guaranteed investment products, to the JB Group's existing client base.
Bringing the experience and technical ability of John Bradley and his partner
Mike Norris into Mattioli Woods further enhances our consultancy offering and
consolidates our position in what remains a highly fragmented market.  We expect
demand for bespoke pensions consultancy and administration in the SSAS and SIPP
market to continue to grow.  Expanding our presence by acquisition continues to
be an important element of our strategy to capitalise on this.'


                                    - 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 Communications
Sarah Hollins / Louise Thornhill                     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 SIPP and SSAS
schemes, 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.




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