Acquisition

Bunzl PLC 29 July 2005 29 July 2005 BUNZL ACQUIRES SANICARE IN AUSTRALASIA Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired Sanicare Pty Limited. Based in New South Wales, Sanicare supplies disposable products principally into the healthcare sector across Australia and New Zealand. Sales were A$21.5 million in the year ended April 2005. The company has been acquired from Institutions Holdings A/S in Denmark and Sanicare's management. The existing management team will remain with the business. Institutions Holdings A/S is a wholly owned subsidiary of Abena Holdings A/S, a Danish based manufacturer of incontinence products and associated nursing items distributed by Sanicare. The consideration payable is a maximum of A$14.75 million for the share capital plus a maximum of A$3.15 million in respect of intercompany debt to be discharged. This is to be satisfied by the issue to Institutions Holdings A/S of 492,966 ordinary shares of 32 1/7p of Bunzl plc with the balance of the consideration being settled in cash. Application has been made to the United Kingdom Listing Authority for the listing of 492,966 ordinary shares of 32 1/7p of Bunzl plc to be allotted in satisfaction of the relevant part of the consideration now payable. These shares will rank pari passu with the existing ordinary shares of Bunzl plc. Commenting on the acquisition, Anthony Habgood, Chairman of Bunzl, said: 'Sanicare is an excellent addition to our successful and growing business in Australasia. It expands our position in the market and extends our product offering into the growing healthcare sector.' Enquiries: Bunzl plc Finsbury Anthony Habgood, Chairman Roland Rudd David Williams, Finance Director Morgan Bone Tel: 020 7495 4950 Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock Exchange

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Bunzl (BNZL)
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