Acquisition

Savills PLC
13 June 2006

13 June 2006

                    SAVILLS ACQUIRES HAMILTON OSBORNE KING


Savills plc (Savills), the international property services company is pleased to
announce today that it has acquired Hamilton Osborne King (HOK), a leading
property advisor in the Irish market.  The acquisition is of the HOK Group
operating within the Republic of Ireland.


Savills plc, through its wholly owned subsidiary Savills (Overseas Holdings)
Limited will be paying a consideration of €50m for HOK consisting of €26.4m of
cash on completion with the balance of €23.6m, being a combination of loan notes
redeemable over a period or 36 months and distributions to senior personnel in
HOK. This acquisition is being funded from Savills' cash balances.


HOK is the largest firm of commercial property advisors in Ireland and is a
market leader in the Irish retail market where it has a dominant position in the
shopping centre sector.  It offers a full service property consultancy in all
commercial property sectors with 250 staff based in offices in Dublin, Cork, and
an associated office in Limerick.


The company is also a leader in the Irish residential market with particular
strengths in the development and new homes sector which has witnessed
substantial growth in recent years.


For the year ended 30 September 2005, HOK reported a turnover of €35.7m and
pre-tax profit of €7.8m, before charging non-recurring remuneration in the year
of €4.7m. As at 30 September 2005 the company had gross assets of €22.1m.


HOK has been operating in Ireland for over 50 years and has developed into one
of Ireland's most successful property advisors.  The company has been at the
forefront of sourcing investment product in Europe for Irish investors and won
the Estates Gazette Irish Property Advisor of the Year in 2005. The acquisition
is in accordance with Savills' Group strategy of expanding its European
operations.  Ireland is one of the most dynamic markets in the European Union
and has one of the highest growth rates in Gross Domestic Product.  Over the
last five years Irish Investors have invested over £11bn in the UK commercial
property market.  As well as affording our existing clients greater access and
expertise in the region, this acquisition will provide Savills with access to an
extensive client base in Ireland.



HOK's management and staff are committed to Savills and the firm will continue
to trade as HOK for the near future.  Paul McNeive and Aidan O'Hogan will
continue as managing director and chairman respectively.


Aubrey Adams, Chief Executive of Savills, comments:

'We are delighted to welcome HOK's management and staff into the Savills Group,
which will further strengthen our European offering.  This is an important
strategic acquisition for Savills as the HOK business model fits perfectly
within our Group, and will provide a platform from which we can service the
growing number of Irish based developers and investors who are looking for
further opportunities in the European property sector.'


Paul McNeive (MD) & Aidan O'Hogan (Chairman) of HOK, add:

'We are delighted to join forces with Savills, which we see as a tremendous
opportunity for the firm, staff and our clients.  We have built up our
international business significantly in recent years, having acquired over one
hundred and fifty properties for Irish investors to a value of over €5 billion
in the last five years.  This deal sees us becoming part of the Savills
international group and is great news for our clients as it gives us direct
access to the Savills Group's 125 offices with over 15,000 property
professionals throughout the world.  We are particularly attracted to Savills'
global strength.  Together we plan to capitalise on the next wave of Irish
investment and development oversees. '



Jeremy Helsby, Chairman and Chief Executive of Savills Commercial, says:

'The acquisition of HOK will give us a leading position in Ireland, and
presents exciting opportunities for our teams to work together for the benefit
of our mutual clients.  I am delighted that HOK's culture is a natural fit with
the Savills entrepreneurial culture.


The strength in the Irish economy indicates that the residential and commercial
property markets, in particular the retail sector, are likely to remain buoyant.
The combination of HOK's expertise and client base and Savills extensive
European network including the UK will result in us providing our clients with a
first class pan-European property service.'


Rupert Sebag-Montefiore, Chairman & Chief Executive Savills L&P, adds:

'Residentially Dublin is one of the highest value capitals in Europe, and as
such ties in perfectly with our network.  The Irish have become some of the
biggest investors in residential property developments, and in addition to
participating in a very active domestic market, access to HOK's client base will
be highly relevant to our new development sales across Europe


For further information, please contact:

Aubrey Adams, Savills                                   Tel: [phone]

Paul McNeive, HOK                                       Tel: [phone]

Sarah Gestetner, Citigate Dewe Rogerson                 Tel: [phone]

Joanne Geary, HOK press office                          Tel [phone]


Editor's Notes:


Savills plc is a leading international property services company with a full
listing on the London Stock Exchange. The company has undergone dynamic growth
in recent years establishing itself as a powerful player on the international
stage with offices and associates throughout the UK, Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with  top US full service real
estate advisory company, Trammell Crow Company, in North America, means that
clients have access to a network of offices in the US and Canada.


Savills is the trading name for the property service subsidiaries of Savills plc
which advise on commercial, rural, residential and leisure properties.  Other
services include corporate finance advice, fund management and a range of
property related financial services.


Hamilton Osborne King is a leading property advisor in Ireland and has been in
operation for 50 years. It  has built up the international aspect to the
business significantly in recent years having acquired and disposed of almost €5
billion worth of overseas properties for Irish investors.


The property management division is responsible for the management of a
portfolio worth in excess of € 4 billion with an annual rent roll in excess of €
85 million and annual service charge expenditure of € 35 million. HOK also has a
UK managed portfolio with an annual rent roll in excess of €14 million. HOK is a
full service firm which also offers residential and auction services and has
advised on a number of key retail lettings.



                      This information is provided by RNS
            The company news service from the London Stock Exchange