Acquisition

W.H. Ireland Group PLC 14 May 2007 WH Ireland Group plc (the 'Company' or 'WH Ireland') Acquisition WH Ireland is pleased to announce that it has acquired a further 20,520 shares in its subsidiary company WHI Australia Pty Ltd ('WHI Australia') for a total consideration of £344,715 (A$820,800). This now takes its shareholding to 94,396 shares representing 76.5% of the issued share capital of WHI Australia. WHI Australia is the holding company of DJ Carmichael, the Perth based stockbroker employing over 70 people in Australia. WH Ireland initially acquired 51% of WHI Australia on 30 June 2005 for a total consideration of approximately £1.3 million. On 12 July 2006 WH Ireland acquired a further 11,017 shares in WHI Australia for a total consideration of approximately £0.17m, taking the Company's shareholding to 59.94%. In addition, as previously announced, there is a put and call option arrangement in place which enables WH Ireland to increase its investment in the Australian business as appropriate in the future. DJ Carmichael recently opened an office in Melbourne and continues to perform in line with expectations having participated in a number of IPOs and secondary fund raisings. For further information contact: Michael Frame Company Secretary 0161 832 2174 This information is provided by RNS The company news service from the London Stock Exchange FAKXEFE
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