Acquisition

Berkeley Group Holdings (The) PLC
07 November 2006


                                  ACQUISITION

The Berkeley Group Holdings plc is pleased to announce that, following approval
by shareholders at the extraordinary general meeting held on 6th November 2006,
it has today completed the acquisition of the 50 per cent interest in St James
Group Limited not already owned.


                                      END


For further information please contact:

The Berkeley Group Holdings plc                            Cardew Group
A W Pidgley                                                Tim Robertson
R C Perrins                                                Sofia Rehman
T: 01932 868555                                            T: 0207 930 0777




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