Acquisition

MITIE Group PLC 20 February 2006 MITIE Group PLC ('MITIE') Acquisition of Lyndhurst Services Limited Enhanced UK coverage for Support Services MITIE is pleased to announce that it has acquired 100% of the issued share capital of Lyndhurst Services Limited ('Lyndhurst') from the existing shareholders (David Tait and Jerome Collar) for a total consideration payable in cash of up to £9.0 million: £7.9 million on completion, £0.8m payable six months after completion linked to Lyndhurst's financial performance and £0.3m held in escrow until April 2008. Lyndhurst provides external grounds maintenance services to commercial property sites across England, Scotland and Wales and employs over 240 people. Lyndhurst's audited accounts for the financial year ended 31 December 2005 showed turnover of £6.8 million, pre-tax profits of £1.2 million and gross assets of £2.7 million. Welcoming Lyndhurst to MITIE, Chief Executive, Ian Stewart commented: 'This acquisition complements our existing landscaping and grounds maintenance business and increases our ability to provide our customers with a complete range of services across the UK. I welcome the Lyndhurst management and employees to MITIE.' 20 February 2006 For further information, please contact: Ian Stewart, Chief Executive, MITIE Tel: 0117 970 8800 Mob: 07979 701002 Ruby McGregor-Smith, Chief Operating Officer, MITIE Tel: 0117 970 8800 Mob: 07979 701004 John Telling, Head of Corporate Affairs, MITIE Tel: 020 7089 2500 Mob: 07979 701006 This information is provided by RNS The company news service from the London Stock Exchange

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Mitie Group (MTO)
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