64% Stake Taken in Belgian Property Consultant

Savills PLC 13 April 2000 Savills acquires business in Belgium The Directors of Savills plc ('Savills') are pleased to announce the acquisition of a 64% stake in the business of D & T Property Consultants s.p.r.l. ('QD&T'), a Brussels based real estate agent and property adviser. D&T's business was acquired by FPDSavills' Belgium s.a., a newly formed subsidiary of which Savills owns 64%; the remainder of the shares are held by management. The consideration agreed by Savills for the acquisition was a maximum of £125,000. Victoria Mitchell, Director of Savills plc, commenting on the transaction said: 'D&T (formerly Profi) has been a member of FPDSavills' international network since 1995 and we are delighted to further strengthen this relationship through its direct inclusion within the Savills group. The transaction represents a further step in Savills' strategy of developing its international presence outside its traditional UK market. Belgium is becoming increasingly important in view of the proposed expansion of the European Union and the size of the Commission in Brussels. Not only is it producing a strong local market but there is a need for us to service our international corporate real estate clients in this key city together with the international property funds wishing to take advantage of the strong commercial investment market.' Contacts: Victoria Mitchell (Tel) (0) 20 7409 8840 Director, Savills plc (Fax) (0) 20 7753 8924 Thomas Runsbech (Tel) + 32 2 646 2550 Managing Director, FPDSavills Belgium s.a. (Fax) + 32 2 646 0923 Saskia Smet Managing Director, FPDSavills Belgium s.a

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