Acquisitions

Spice PLC
19 March 2007

19 March 2007

                                   SPICE plc



               ACQUISITIONS OF ATLANTA FACILITIES LIMITED AND OF

                        OPTIMAL UTILITY SERVICES LIMITED



Spice plc ("Spice") is pleased to announce the completion of two acquisitions,
Atlanta Facilities Limited ("Atlanta") and Optimal Utility Services Limited ("
Optimal").  Atlanta will become part of Spice's Commercial Services Division and
Optimal will form part of Spice's Freedom business within its Utility Services
Division.  Details of the two acquisitions are set out below.



Atlanta Facilities Limited



Atlanta has been acquired for an initial consideration of £0.80 million payable
in cash on completion.  A further £0.15 million is payable subject to the
performance of the business in the 12 months to 30 April 2008.



Atlanta is a facilities management business based in Aylesbury, close to the
Circle Britannia head office.  It provides services to a number of clients,
largely in the retail sector, managing planned and reactive maintenance spend on
behalf of those clients.  The work is carried out through sub-contractors.



In the year to 31 May 2006, Atlanta's audited accounts showed turnover of £6.0
million and operating profits of £0.2 million.  The initial consideration
represents a multiple of 4.2 times 2006 operating profits.



Atlanta employs 26 people and the founder, Tim Cheek, will remain as a director
of the business following the acquisition.



Optimal Utility Services Limited



Spice is also pleased to announce the acquisition of Optimal for cash
consideration of £0.3 million. Optimal, based in the North West of England,
provides professional services to utility companies, including Scottish Power,
and specialises in the provision of training personnel, electrical design,
project management engineers, and wayleaving services. Optimal also specialises
in the design and surveying of overhead line circuits. Turnover for the year
ended 30 September 2006 was £0.9 million.



Simon Rigby, Chief Executive Officer, commented:



"We are delighted to acquire two businesses which will continue our plans to
strengthen our existing businesses. Atlanta will bring additional management
skills and new clients to our Commercial Services Division, and we believe that
there should be opportunities for our Circle Britannia business to deliver some
of the services currently sub-contracted as well as for our Energy Services
business being able to add value to Atlanta's existing customers.  Optimal
brings with it additional skills in overhead lines and wayleaves which will
further strengthen our service structure and reinforce Freedom's position as a
market leader within the UK. Optimal has c.30 engineers working in Scottish
Power offices and we are pleased to develop our relationship with such a major
player in the UK electricity sector through this acquisition.  With the
increased demand for these services throughout the UK, we are well placed to win
further works."



                                    - Ends -


Enquiries:

Spice plc,  Tel: [phone]
Simon Rigby, Chief Executive Officer
Oliver Lightowlers, Group Finance Director
Carl Chambers, Corporate Development Director

Financial Dynamics,  Tel: [phone]
Billy Clegg
Caroline Stewart


NOTES TO EDITORS





Spice plc



Spice is a support services business operating in the Commercial Services,
Public Services and Utility Services sectors. 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, the public sector, energy management and commercial
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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