Acquisition

Spice PLC
04 April 2008


4 April 2008

                                   Spice plc


                  Acquisition of Energy 2000 Marketing Limited


Spice plc ("Spice" or "the Group"), the provider of total utility support
services, is pleased to announce the acquisition of Energy 2000 Marketing
Limited ("Energy 2000"). Following the acquisition, Energy 2000 will form part
of our Energy Services business.


The acquisition of Energy 2000 is for an initial cash consideration of £2.25
million. Additional contingent consideration will be payable based on Energy
2000's results for the year ending 30 April 2009.  The additional contingent
consideration will be capped at £3.25 million.


The initial consideration is subject to adjustment based on the working capital
at completion following the production and agreement of completion accounts. The
total consideration payable (including the initial consideration, the additional
contingent consideration and the working capital adjustment) is capped at £5.75
million.


The unaudited financial statements for the 12 months to 31 October 2007 (its
current year end) showed turnover of £1.12 million and adjusted operating
profits of £0.2 million.  Net assets at 31 October 2007 were £0.3 million.
Following the acquisition, Energy 2000's year end will be changed to April, in
line with Spice's.  It is estimated that Energy 2000's results for the year to
30 April 2008 will show turnover of £1.2 million and adjusted operating profits
of £0.4 million so that the initial consideration would represent a multiple of
6.2 times operating profit.


Energy 2000, based in Lytham, is a commercial energy broker.  It acts as agent
for industrial and commercial customers to procure gas and electricity from
suppliers; additionally, it provides consultancy services advising its customers
on various energy related matters including measuring and reducing their carbon
footprint and dealing with the climate change levy.  It employs 19 people.


It was established in 1989 by its directors, Neil Williams and Peter Whiteside
both of whom will be remaining with the business following the acquisitions.


Simon Rigby, Chief Executive Officer of Spice, said:


"The acquisition of Energy 2000 continues our expansion in the energy management
sector.  The business is well known to us being based in the same town as our
existing business, with a common heritage and brings with it additional
consultancy skills as well as energy procurement.  The skill base within our
Energy Services business will benefit from the addition of these extra
consultancy skills".


Neil Williams, Director of Energy 2000 said:


"We are delighted to be joining the Spice group.  We have been discussing this
for some time and we believe that, as part of Spice, our business will be able
to continue to grow and enable us to offer a wider range of services to our
customer base".


                                      Ends


Enquiries:

Spice plc                                                   Tel: [phone]
Simon Rigby, Chief Executive Officer
Oliver Lightowlers, Group Finance Director
Andrew Catchpole, Strategy and Development Director

Financial Dynamics                                          Tel: [phone]
Billy Clegg
Caroline Stewart

KBC Peel Hunt                                               Tel: [phone]
Julian Blunt


NOTES TO EDITORS


Spice plc

Spice is a total utility infrastructure support services business. The Group's
operations were founded in 1996 and have their origins in the electricity
industry, though the range of activities has since been expanded into the water
sector, niche telecommunications services, statutory gas inspections, energy
management and facilities management. Spice's businesses have a common theme of
delivering and co-ordinating infrastructure services to customers, and the
technological element within the product mix has been built up significantly
over the course of the last three years.

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