Acquisition

WHITE YOUNG GREEN PLC 7 October 1999 WHITE YOUNG GREEN PLC ACQUISITION OF CONSULTING ENGINEERING BUSINESS - 6TH THIS YEAR White Young Green Plc ('WYG') the multi-disciplinary consulting engineers and project managers is pleased to announce the acquisition of the entire issued share capital of Tilney Simmons Limited ('TSL2) together with certain of the assets of Tilney Simmons & Partners ('TSP') (together 'Tilney Simmons') for a maximum consideration of £2.3 million, including £150,000 payable conditional upon the net asset position of Tilney Simmons as at 6th October 1999. The audited accounts for TSL for the year ended 30th April 1999, together with the unaudited partnership accounts for TSP for the same period, after adjusting for agreed future Partners employment packages, show a profit of £292,678 before tax on a turnover of £2,900,030. The combined net assets of TSL and TSP at 30 April 1999 were £550,000. The consideration will be satisfied by an initial cash payment of £537,500 and by the issue of (1,330,226) ordinary shares in WYG. Any additional consideration payable will be satisfied in cash. Application has been made to the London Stock Exchange Limited for the admission of these shares. Dealings are expected to commence on 14th October 1999. The Partners of TSP being Barry Butler, Terry Wilson, Ray Abbott and Clive Morris will all become employees of WYG following the acquisition. Tilney Simmons, based in London, Southampton and Oman are mechanical and electrical consulting engineers who work for a wide range of clients but have established a strong reputation in the Banking and Financial Services sector in the City. This acquisition complements and enhances the existing consultancy services currently offered by WYG in London, enhancing the range of services and client base. In addition, the acquisition provides us with important new office locations in Southampton and Oman. For further information, please contact: Richard Brayson, Chief Executive WHITE YOUNG GREEN PLC TEL: 0113 278 7111 Tim Anderson / Lisa Baderoon BUCHANAN COMMUNICATIONS TEL: 0171 466 5000

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