Change of Name/Acquisition

YJL PLC
4 April 2001

                                     YJL PLC



 CHANGE OF NAME AND ACQUISITION OF BUILDING CONTRACTING BUSINESS OF ALLEN PLC



CHANGE OF NAME



At the Extraordinary General Meeting held on 7 March 2001 a resolution was
passed changing the name of the Company to Montpellier Group PLC ('Montpellier
').  This will take effect as from today.



The name 'YJL' will be retained for the holding company of the construction
division of Montpellier.



ACQUISITION OF THE BUILDING CONTRACTING BUSINESS OF ALLEN PLC



The Board of Montpellier is pleased to announce that it has entered into a
conditional contract for the acquisition of the entire issued share capital of
each of the companies which form the Building Contracting division of Allen
PLC ('Allen').



Terms of the transaction



The consideration for the acquisition will be £1.0 million payable in cash on
completion.  Prior to completion Allen will:



  * inject cash of £5.9 million into the Building Contracting Division
  * write off inter-company balances receivable by Allen of £1.5 million
  * acquire for £0.7 million in cash certain properties from the Building
    Contracting Division which are also used by Speedy Hire, Allen's
    continuing business.



Allen has also issued a promissory note to pay Montpellier up to a maximum of
£3.3 million in cash for the tax losses in the Building Contracting Division.
Allen will make payments up to this amount to Montpellier when Allen receives
a corresponding tax benefit by utilising available tax losses with the balance
payable by Allen 12 months after completion.  Montpellier will make repayment
to Allen to the extent that Montpellier is able to utilise any tax losses from
the Building Contracting Division and to the extent that the expected tax
losses are not crystallised because the provisions made for current building
contracts are not ultimately required.



The acquisition is conditional only on the approval of the transaction by
Montpellier's shareholders.  Undertakings to vote in favour of the transaction
have been received from shareholders owning approximately 46.1 per cent. of
the entire issued share capital of YJL.



Information on the Allen Building Contracting Division



The Building Contracting Division represents the entire building contracting
and the principal property development activities of Allen.  For the year
ended 2 April 2000 the aggregated turnover and profit before tax of the
Building Contracting Division were £161.6 million and £2.7 million
respectively.  The aggregated net assets at 2 April 2000 were £9.4 million.
In its announcement on 14 February 2001 Allen announced that the operating
loss for the year ended 1 April 2001 could be as high as £13.0 million for
this division.



Reasons for the purchase



Following the acquisition, the YJL Construction Division of Montpellier will
have an annual turnover in excess of £400 million.  A further five operating
divisions will be added which will result in YJL offering nationwide coverage
through regional centres.



A circular enclosing full particulars of the acquisition will be sent out
shortly.



Cedric Scroggs, Chairman of Montpellier commented:



'This acquisition is an important step in the continuing growth of the
construction division following the acquisition of Britannia Group, Lodge &
Sons and Hatchpaines in 2000.  It confirms our policy of cautious strategic
acquisitions.'



For full information please contact:



Montpellier Group PLC
Paul Sellars, Managing Director                        0208 982 4321



YJL plc
Roger Feast, Chief Executive                           0208 982 4321