Acquisition

Next Fifteen Communications Grp PLC 19 August 2003 Date 19 August 2003 Contacts: Next Fifteen David Dewhurst 020 8996 4154 Tim Dyson 001 415 350 2801 Holborn Chris Steele 020 7929 5599 chris.steele@holbornpr.co.uk Next Fifteen Communications Group plc Acquisition Announcement of Heads of Agreement Next Fifteen Communications Group plc, the global public relations business, today announces that it has signed heads of agreement relating to the acquisition of the business and certain assets of Applied Communications Group's San Francisco public relations division. The business to be acquired relates only to the public relations activities of the San Francisco office, which primarily serves clients in the technology sector. The consideration is expected to be between $1.5m and $2m, payable in cash over three years, subject to certain performance criteria. It is intended that the acquired business will be merged with the US operations of Next Fifteen subsidiary Bite Communications, to provide a much stronger platform for the combined businesses in the future. Further details of the acquisition will be given upon exchange of contracts, which is expected to take place in the next 30 days. Ends This information is provided by RNS The company news service from the London Stock Exchange
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