Acquisition

Mavinwood PLC
21 September 2007



                                 Mavinwood plc

                 Acquisition of Peter Cox Limited ('Peter Cox')

Mavinwood plc, the AIM Listed support services company, announces that it has
agreed to purchase Peter Cox a leading provider of damp proofing, water
proofing, timber preservation and wall stabilisation for residential, commercial
and public properties in the UK. Peter Cox has a network of 14 branches in
England, Scotland and Wales and employs 210 people. It has built a reputation
for its excellence of service and quality of work.

In the year ended 30 November 2006 Peter Cox generated sales of £16m and a
profit before tax of £0.5m. After adjusting for items that are considered to be
non recurring the Directors of Mavinwood plc consider the normalised EBITA to be
£972,000. Net assets at 30 November 2006 were £26.7m. Subsequent to that balance
sheet date Peter Cox underwent a re-organisation and it is expected that the net
assets at acquisition will be approximately £2.4m.

The consideration for Peter Cox is an initial sum of £6m followed by contingent
consideration of up to £1,050,000 linked to the EBITA performance of PCL for the
year ending 30 November 2007. The contingent consideration is linked to the
increase in maintainable EBITA between £950,000 and £1,100,000.

The acquisition is being funded by enlarged bank facilities made available by
Allied Irish Banks, p.l.c. and Fortis Bank. Completion is anticipated to be on
Friday 28 September 2007.

The acquisition is expected to be earnings enhancing in 2008.

Kevin Mahoney, chief executive of Mavinwood plc, commented: 'Peter Cox is a well
established, profitable business with an excellent reputation and a network of
operations in England Scotland and Wales. Its staff have a great reputation for
their qualifications and the skill which they bring to their craft. We believe
that there are good opportunities for combination with our insured repair
businesses.'

Enquiries etc:

Mavinwood plc
Kevin Mahoney, chief executive               020 7661 9650
Mike Vincent, finance director               020 7661 9651

Collins Stewart
Adrian Hadden                                020 7523 8353

Threadneedle PR
John Coles                                   020 7936 9604



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