Acquisition

Ten Alps PLC
16 January 2006

                            Ten Alps plc: Acquisition announcement



Date: 16 January 2006



Acquisition of TV production company Hart Davies (formerly Hart/Ryan)



TV production group Ten Alps PLC ('Ten Alps') today announces the acquisition of
factual TV production company Hart Davies TV Limited ('Hart Davies' or the 
'Company'), an established producer of observational documentary series and
factual programming for broadcasters such as the BBC, Channel 4, '5', the
Discovery Channel and others, for a maximum cash consideration of approximately
£1.05m.



Current productions are Amsterdam Vice, a ten-part series for Discovery Channel,
The List, a two hour series on heart transplants for Channel 4, and Baby Race, a
3 x 50 formatted series for Channel 4 following 30 single women trying to have
babies over a year. There is a significant development slate, as well as a
library of over 40 hours of quality factual programming in which Hart Davies has
significant rights ownership.



The executive producers of Hart Davies, David Hart and Guy Davies, have signed
new service contracts with the Company to March 2008, as has Head of Production
Sarah Hodgson.



Founded in 1992, Hart Davies formerly traded as Hart/Ryan Productions and as
Insight TV.  The Company is a producer of award-winning factual programming and
it won a BAFTA for its Channel 4 series The Trust, the Michael Powell Award for
terrorist docudrama Gas Attack, the Broadcast Award for True Stories: Orphans of
War, and three Indie awards for Channel 4's Traitor King and Cutting Edge: Shops
and Robbers.



Financials and Terms

In the 16-month period to November 2005, Hart Davies made pre-tax profit of
£74,000 on turnover of £1,571,000.  Ten Alps  acquired the entire issued share
capital of the Company on 13 January 2006 for an initial consideration of
£190,000 in cash, against net assets of at least £70,000.



Maximum further acquisition payments totalling £962,500 will be made, in cash or
shares at Ten Alps' discretion, if pre-tax profit of £700,000 is achieved by
Hart Davies in the period to March 2008.  The profit target will be divided over
2 earnout periods.



Ten Alps Chief Executive Alex Connock said: 'This is a welcome expansion of Ten
Alps' factual production capability. We are delighted to be able to work with
two producers as expert in observational documentary, amongst other genres, as
David Hart and Guy Davies.



Plus, as it happens, their name shortens to HDTV, which is the exciting new TV
phenomenon for 2006  - from filmmakers shooting in the Sahara to people buying
plasmas at John Lewis.'



David Hart and Guy Davies said:  'This a fantastic opportunity for us, and our
team - now under the HDTV name.  Ten Alps is a company that really understands
quality factual television, and we're delighted to join the existing strong
brands within the group.  We're really excited by the opportunities this deal
offers, and we really look forward to building on our success.'



Ten Alps already owns documentary production companies Brook Lapping, Blakeway
and 3BM TV and factual-entertainment producer Ten Alps TV. The Ten Alps group
has an excellent creative reputation in factual TV, and strong international
sales.



Website:



www.tenalps.com



Hart Davies production history



Hart Davies was formerly known as Hart/Ryan Productions Ltd. The Company was
formed by David Hart and Michael Ryan in 1994, and established a strong
reputation. Guy Davies joined in 1997 from Folio Productions.  Michael Ryan left
the Company in 1999 and retired.



The Company produces high quality documentary series, one-offs to the main
British documentary strands and occasional dramas, and has won top awards. The
first production Cutting Edge: Shops and Robbers won the Indie Award and the
Company has grown its production slate and clients so that it has now made
programmes for BBC One, Two and Four, ITV, Channel 4, 5, NHK Japan, and
Discovery.



Among programmes produced have been The Trust, a five part series made over
three years inside one of the biggest hospitals in the NHS which won the BAFTA
for Best Factual Series and the Grierson Documentary Award;  Mersey Blues, the
acclaimed documentary series for BBC2 inside Merseyside Police; The Traitor King
- the Indie award-winning two part investigation of Edward VIII for C4; and
Orphans of War for Channel 4's True Stories which won the Broadcast Award. With
its drama debut, the Company picked up the prestigious Michael Powell Award for
Best British Feature at the Edinburgh International Film Festival, and an
Independent British Film Award for the innovative and unsettling piece imagining
a terrorist attack in Glasgow, Gas Attack.



Hart Davies has made many other high profile projects including Behind The Crime
which ran for three series, the popular BBC One hits Lakesiders and more
recently Trouble In Store, and in 2004 the return of Alan Whicker in the much
acclaimed two parter Whicker's War.



CVs



David Hart



David Hart made his name in current affairs series including Panorama, 24 Hours
and This Week. He joined Granada in 1972 and was a Producer/Director on the
award winning World in Action.  He went on to make several programmes for
Granada's documentary department, including The Spanish Civil War and the drama
documentary Power Struggle.



In 1992 he left Granada and set up Hart/Ryan Productions with Mike Ryan. They
made a number of successful programmes for Channel 4 including the award-
winning Shops and Robbers and Traitor King.   He then made the documentary
series Mersey Blues for BBC 2.



Following these he produced and co-directed Orphans of War, winner of the
Broadcast Documentary Award, executive produced Gas Attack, winner of the
Michael Powell award as well as Best Production award at The British Independent
Film Awards.  He then series produced Sinatra - Good Guy: Bad Guy and was the
executive producer for The Trust -winner of the BAFTA, best documentary series
award for 2002.



As well as running the Company, David Hart has been involved in most of Hart/
Ryan's productions over the last 13 years, either as a director, producer,
series producer or executive producer.



Guy Davies



Guy Davies is an Executive Producer who has been with the Company since 1997.
Joining as a producer/director, he has series produced many of the Company's
projects, running the creative team with David Hart, and has been Executive
Producer since 1999.  Guy series produced The BAFTA award winning series The
Trust and among his credits as Executive Producer are Whicker's War (C4),
Whitney Houston: The True Story (C4), City of Sin (C4), Casualties of Peace
(C4), Behind The Crime (C4) Pagans of the Roman Empire (C4) and more recently
Trouble In Store (BBC ONE), Baby Race (C4), The Truth About Diana Ross (5); The
List (C4), and Amsterdam Vice for Discovery.



Guy series produced many other projects including Coppers (a history of the
police for C4), Lakesiders for BBC One, The Investigators for BBC One, and
Postcards from The Edge for C4, and he worked on further series with
photojournalist Nick Danziger as producer/director. With Folio Productions Guy
was a producer for Cutting Edge and series editor of Frontline.  From 1990 to
1994 he was at Channel 4, and prior to that at the Arts Council.



Enquiries

Ten Alps PLC
www.tenalps.com



Nitil Patel, Finance Director,
Ten Alps Plc
07990 578 356



Peter Binns
Binns & Co PR Ltd
[e-mail]
020 7786 9600






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