Acquisition

MITIE Group PLC
14 May 2002


                         MITIE Group PLC ('MITIE')
                                       
    Acquisition of shares in MITIE Managed Services Limited ('MITIE Managed
                                  Services')
                                       
Following  the  approval  of  the shareholders of MITIE  at  an  Extraordinary
General Meeting earlier today, the board of directors of MITIE announces  that
it  has today completed the acquisition of 871,236 ordinary shares of 1  pence
each  and  871,236 deferred shares of £1 each in the capital of MITIE  Managed
Services, being the entire issued share capital of MITIE Managed Services  not
already owned by MITIE.  The total consideration was £13,408,322.04, satisfied
as  to £902,327.04 in cash and as to the remaining £12,505,995 by the issue of
8,869,500  ordinary  shares  of  2.5 pence each  in  MITIE  ('the  New  MITIE
Shares'),  valued  at £1.41 per share.  MITIE now owns 100% of  MITIE  Managed
Services.

Following  this  acquisition  and the issue of the  New  MITIE  Shares,  those
directors  of  MITIE who acquired New MITIE Shares are now interested  in  the
following shares in MITIE:

Director      Number of  New MITIE   Total       Total %
              New MITIE  Shares      holding     holding
              Shares     acquired    of          of issued
              acquired   as % of     ordinary    share
                         issued      shares      capital
                         share       after       following
                         capital     acquisition acquisition

N Roger        204,113      0.07     1,949,213   0.65
Goodman

Colin S Hale* 2,041,134     0.69     2,396,134   0.80

Sir John      1,020,567     0.34     1,190,567   0.40
Jennings

Paul A         206,205      0.07      206,205    0.07
Kilduff                               

William        204,113      0.07     2,208,153   0.74
Robson

Ian R Stewart  272,872      0.09     4,992,872   1.68

David M        234,730      0.08     8,352,730   2.80
Telling
                                                   
Total         4,183,734     1.41     21,295,874  7.14

(* 1,020,567 New MITIE Shares (0.34% of issued share capital) of the 2,041,134
New  MITIE Shares shown as acquired by Colin Stephen Hale were acquired by his
wife,  Lynn  Sharon  Hale. Mr Hale's holding of a total of 2,396,134  ordinary
shares  after  acquisition is split as to 1,358,067 held by the  director  and
1,038,067 (0.35% of issued share capital) held by his wife).

Application  will be made shortly to the UK Listing Authority and  the  London
Stock  Exchange for the New MITIE Shares to be admitted to the  Official  List
and  the  London  Stock  Exchange's market for listed  securities  and  it  is
expected  that  such  admission will become effective and that  dealings  will
commence in the New MITIE Shares on 21 May 2002. Upon admission the New  MITIE
Shares  will  rank pari passu with all existing MITIE shares, save  that  they
will not be entitled to participate in the distribution of profits relating to
the year ended 31 March 2002.

For further information please contact:

Ian R Stewart, Chief Executive
MITIE Group PLC

Tel: [phone]
Mobile: [phone]


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