Acquisition

Torex Retail PLC
17 August 2005



17 August 2005

                         EXPANSION OF IRISH OPERATIONS

Torex Retail Plc ('Torex'), the leading international retail systems business,
is pleased to announce that it has acquired the Retail Petroleum Systems group
of companies ('RPS' or 'the Company') for a maximum consideration of €9 million.

RPS is based in Dublin and is the leading supplier of forecourt equipment and
computer systems to the Irish petroleum retail market. The company provides high
quality turnkey solutions and ongoing maintenance to all sectors of the market
from major oil companies to local independently owned stations.

For the year ended 31 January 2005 RPS achieved revenues of €12.3 million with a
pre-tax profit of €262,000. RPS had net assets of €788,000 at 31 January 2005
and employs some 78 staff.

The consideration comprises an initial payment of €6.0 million to be satisfied
by the payment of €5.0 million in cash and €1.0 million by the issue of 593,570
new Torex shares.  Deferred consideration of €3 million is payable dependant on
certain performance criteria. Application will be made for the new shares to be
issued pursuant to the consideration for the acquisition to be admitted to
trading on AIM. Admission is expected to become effective on 23 August 2005.

Chris Moore, Chief Executive of Torex Retail Plc, commented:


'The acquisition of RPS significantly expands our petroleum retailing operations
in Ireland and increases the potential for sale of our own IPR products into
this market. RPS has a very strong management team and the increased critical
mass and field engineering infrastructure following the integration of RPS will
give rise to enhanced customer service whilst at the same time creating
economies of scale.'


Enquiries:

Torex Retail plc                            0870 050 9900
Chris Moore, Chief Executive
Richard Thompson, Finance Director


Citigate Dewe Rogerson                      020 7638 9571
Ginny Pulbrook / Seb Hoyle


Notes to Editors:


About Torex Retail plc

Torex Retail is a leading independent provider of cutting edge retail technology
solutions to many of the world's principal retailers. Since the company's
flotation in spring 2004 Torex Retail has achieved rapid growth across all of
its markets and has rigorously pursued its goal of becoming the provider of
choice. As a result, the company now has a presence in all of the major markets
around the world and has built a strong platform for future growth in line with
its strategy. Torex's Retail's product and solution set spans high street and
out-of-town retail as well as the petroleum and convenience sector and with over
6,000  customer relationships, including Tesco, Woolworth, Selfridges, Shell and
Argos, the company has earned a leading reputation amongst retailers. Torex
Retail has more than 2500 st  Saff based in 17 countries. www.torexretail.com



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