Acquisition

Torex Retail PLC
06 September 2004


6 September 2004

                                Torex Retail plc
                        ('Torex Retail' or 'the Group')

           Acquisition of remaining 30.2% stake in subsidiary Logware

Torex Retail plc ('Torex Retail' or 'the Group'), a leading provider of IT
solutions to major European retailers, today announces the completed purchase of
the remaining 30.2% stake in Logware Information Systems GmbH ('Logware') from
Group Board Director and MD of Store Management Solutions, Europe, Jurgen Heck.
The purchase is based on a consideration payment of 7.2 million new Torex Retail
ordinary shares. On admission, these shares will represent 4.3% of the enlarged
issued share capital of the Group.

As a result of the purchase, Logware now becomes a wholly owned subsidiary of
the Group.

Logware is a leading German Electronic Point-of-Sale ('EPoS') supplier based in
Berlin employing approximately 130 staff. In June 2003, Torex Retail acquired a
69.8% stake in Logware. Logware produces a leading Java EPoS product, LUCAS,
offering a more flexible and lower cost solution to clients. LUCAS is one of the
leading EPoS products in Europe and forms the basis of a product offering that
the Group is currently marketing and rolling out across Europe.

Commenting on the share purchase, Rob Loosemore, Executive Chairman of Torex
Retail plc, said:

'One of our clear objectives at the time of our IPO in March this year was to
focus on LUCAS as our core EPoS SYSTEM to Tier 1 and 2 retailers. In acquiring
the remaining share capital of Logware, we can now fully benefit from the
adoption of LUCAS Java-based products as the Group's principal EPoS offering
across Europe. I am also delighted that Jurgen continues to share our vision and
belief in the Group's significant potential by taking his consideration totally
in Torex Retail shares'.

Jurgen Heck, MD of Store Management Solutions, Europe and CTO of Torex Retail
plc (and former CEO of Logware), added:

'I have been extremely encouraged by what Logware has already achieved since
joining Torex Retail and more so regarding the Group's future potential as we
begin our expansion across Europe. Today's announcement reinforces my long term
commitment to the development of Torex Retail plc as both a Board Director and
shareholder'.

The share purchase constitutes a related party transaction (as defined in the
AIM Rules).  With the exception of Jurgen Heck as a related party, the Directors
consider, having consulted with Evolution Beeson Gregory Limited, Torex Retail's
nominated adviser, that the terms of the transaction are fair and reasonable
insofar as Torex Retail's shareholders are concerned.

Application will be made for the 7.2 million new shares to be admitted to
trading on AIM.  It is expected that admission will become effective on 10
September 2004.

                                    - Ends -

Enquiries:

Torex Retail plc                           Citigate Dewe Rogerson
Rob Loosemore, Executive Chairman          Seb Hoyle /
Mark Pearman, Chief Executive              Freida Moore
Telephone: [phone]            Telephone: [phone]

Notes to Editors:

Torex Retail plc, a leading European retail solutions business, floated on AIM
in March 2004.  The business is an independent supplier of electronic point of
sale ('EPoS') solutions and services and productivity tools to high street,
convenience and petroleum retailers with an installed base of some 50,000 EPoS
licences across Europe.  It has a broad base of blue-chip clients and employs
700 staff in UK, Germany, Belgium, Holland and Eire.  www.torexretail.com



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