Asian Investment

Savills PLC
19 December 2005


FOR IMMEDIATE RELEASE

19 December 2005


                SAVILLS STRENGTHENS ASIAN PRESENCE FURTHER

                   INVESTMENT IN KOREAN ASSET ADVISORS
                               AND BHP KOREA

The Directors of Savills plc ('Savills' or the 'Company'), the international
property advisors, announce today that agreement has been reached to acquire an
initial  50% share in each of Korean Asset Advisors (KAA) and BHP Korea (BHPK)
for a total initial consideration of 18.2bn Korean Won (approx £10.7m). The
acquisitions are part of Savills' strategy of growing its Asian business further
and taking advantage of this attractive, high growth market.

The investment is being made through Savills' wholly owned subsidiary, Savills
Asia Pacific Limited HK ('Savills Asia').  Savills Asia will have an
unconditional option to acquire an additional 5% of each business in one year's
time based on the post-tax profit of the businesses.  The agreement also
outlines conditions for both put and call options on the remaining shares in
both businesses. The put and call option will first be exercisable in three
year's time and the consideration will be based on the average of the profits
after tax over the three years ending 31 December 2006, 2007 and 2008. The
transaction is subject to Korean regulatory approval.

The pre-tax profit forecast for the combined businesses for the calendar year
2005 is c4.2bn Korean Won (approx £2.7m).

KAA is a private Korean company, located in Seoul and specialising in Property
Management and Asset Management.  Created and owned by Mr Hokyu Lee, it acts for
institutional clients primarily servicing grade A office properties, with over
1m square meters (10m square feet) under management.  In addition, the business
offers office and retail leasing services, together with project management
advice.

BHPK is an investment advisory, valuation and tenant representative business and
offers research consultancy services,  undertaking work for clients of KAA as
well as others.

Mr Hokyu Lee will remain as Chief Executive of KAA and will lead the business
through the next stage of development.  He will also become a member of Savills
Asia's Executive Committee.

Savills Asia has had a strong presence in the Asia Pacific region since Savills
acquired First Pacific Davies in 1997.  Savills now has over 80 offices in 20
countries including China, Hong Kong, Australia, Japan and Singapore.  Today's
investments follow other recent corporate developments for Savills Asia
including the acquisition of Hampden Real Estate in Singapore and the opening of
a Savills' office in Tokyo in December 2004.

Aubrey Adams, Group Chief Executive of Savills, commented:

'This investment is a clear demonstration that Savills is committed to growing
its Asian business. By adding these two businesses to our offering we will be
able to expand into key geographical locations where we see opportunities to
offer a value added service to our investment and owner/occupier clients.  We
see Asia as a key market for Savills and look forward to growing our Asian
business further.'

Robert McKellar, Chief Executive of Savills Asia Pacific said:

'I am delighted that we have been able to make this investment into the growing
market for real estate services in Korea.  Korea is the third largest economy in
Asia and the eleventh largest in the world, and is a key tier one real estate
market for Savills.  Korea is increasingly seen as a major institutional market
for real estate investment and recent changes in government regulations will
increase the opportunities for foreign asset management in the country.  In
addition to the provision of real estate services in Korea, Savills expects to
benefit from the influence that many Korean clients based in Seoul will have for
real estate services abroad.  The investment by Savills into KAA and BHPK will
enable Savills to become the dominant real estate provider in Korea.  The
Company's ambition is to become the leading real estate service provider in Asia
Pacific.'

ENDS

For further information, please contact:

Savills plc
Aubrey Adams                    [phone]

Citigate Dewe Rogerson          [phone]
Simon Rigby
Sarah Gestetner

Savills Asia Pacific
Robert McKellar                 + 852 2525 4418

Fleishman Hillard
Winnie Leung                    + 852 2530 0203

Notes to editors:

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.



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