Acquisition

Mears Group PLC
26 August 2003





PRESS RELEASE:



MEARS GROUP PLC



MEARS ACQUIRES SCION GROUP LIMITED



Mears announce the acquisition of the whole of the issued share capital of Scion
Group Limited ('Scion').



Scion provide a range of facility services including grounds maintenance,
building maintenance, mechanical and electrical services and facility and estate
management to a wide range of customers in the public and private sectors.
Customers include British Airports Authority, United Kingdom Atomic Energy
Authority and M W Kellogg.



Scion made profits before taxation of £68,034 on a turnover of £27,559,264 for
the year ended 31 March 2003, and had net assets of £697,760.



An initial consideration of £1 million in a mixture of cash and loan notes has
been paid with further payments payable based upon the profits of Scion for the
2 years ending 31 December 2005. A maximum consideration of £6 million will be
payable.



Scion's business is based in Newbury with operating locations throughout
Southern England which compliments and brings Mears into a wider service
offering.



Mears Chairman Bob Holt said:



'Mears have been in dialogue with Scion for five years and I have been impressed
with their ability to grow their business. There are many similarities in the
approach that the business has towards customer service and building a long term
business. The Mears cash management approach will improve the financial
performance of the acquired business. . I am pleased that Tony Southon and his
team have chosen Mears as their preferred partner.'



Enquiries:


Bob Holt, Chairman                                   Tel: [phone]




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