Acquisition

W.H. Ireland Group PLC 12 July 2006 W H Ireland Group plc ('the Company' or 'W.H. Ireland') Acquisition of further stake in WHI Australia Pty Ltd W H Ireland is pleased to announce that it has acquired a further 11,017 shares in its subsidiary company WHI Australia Pty Ltd ('WHI Australia') for a total consideration of £169,214 (A$413,137). This now takes its shareholding to 73,876 shares representing 59.94% 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. W H Ireland initially acquired 51% of WHI Australia on 30 June 2005 for a total consideration of approximately £1.3 million. In addition, as previously announced, there is a put and call option arrangement in place which enables W H Ireland to increase its investment in the Australian business as appropriate in the future. Laurie Beevers, Chief Executive, commented: 'We have been delighted with the performance of our colleagues in Australia since June 2005 and are pleased to consolidate our relationship with DJC still further'. For further information contact: Derek Ashford 0161 832 6644 Finance Director This information is provided by RNS The company news service from the London Stock Exchange
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