Acquisition

Capita Group PLC
16 June 2006



CAPITA TO ACQUIRE SINCLAIR HENDERSON


Capita Financial Group Limited, a subsidiary of The Capita Group Plc, announces
that it is to acquire the total share capital of the investment fund
administration businesses of Sinclair Henderson from iimia Investment Group Plc
('iimia').


Subject to Financial Services Authority approval, Capita will acquire Sinclair
Henderson Ltd, Sinclair Henderson Fund Administration Ltd, and ACD Services Ltd
from iimia for an initial cash consideration of £10.5 million and a deferred
consideration of up to £1.5 million, may be payable, subject to agreed business
development targets in the first two years of Capita's ownership. In addition to
the above companies and with the approval of the Guernsey Financial Services
Commission, Capita will also acquire Sinclair Henderson (Guernsey) Ltd as part
of the transaction.


Sinclair Henderson Ltd provides company secretarial and administration services
to investment trusts, venture capital trusts and other closed ended funds.
Sinclair Henderson Fund Administration Ltd and ACD Services Ltd provide
corporate and administration services to open ended investment companies and
unit trusts.


The combined businesses reported a turnover of £3.9 million for the 12 months to
31 December 2005. The funds under administration on transfer will be
approximately £5bn. Sinclair Henderson comprises 90 staff and is located in
Exeter.


The acquisition of these operations adds significantly to Capita's current fund
administration capabilities with combined assets under administration expected
to be £25 billion. The acquisition will add approximately 40 open ended funds
to more than 300 already administered by Capita. The combined number of funds
will result in Capita Financial Group administering approximately 20 per cent of
the authorised open ended funds in the UK. The acquisition will also take
Capita Financial Group to second place in the investment trust administration
market as it adds over 40 investment trusts to the closed end fund
administration service.


Paul Pindar, Chief Executive of The Capita Group Plc, commented:

'This acquisition complements and enhances the already substantial expertise and
capabilities of our team at Capita Financial Group. Sinclair Henderson further
assists Capita Financial Group to consolidate its position as a leading service
provider in fund administration. The combined business will benefit from its
greater scale, shared systems, suppliers and relationships. We welcome the new
team to Capita and look forward to developing our capabilities together to
embrace the extensive opportunities in this marketplace.'


Michael Phillips, Chief Executive of iimia Investment Group Plc, commented:

'We are delighted with the way the whole process has been conducted and the
arrangements entered into with Capita. We are looking forward to working closely
with Capita Financial Group concerning our range of iimia investment funds.'

                                     -ends-


For further information please contact:


The Capita Group Plc                     [phone]

Paul Pindar, Chief Executive

Shona Nichols, Corporate Communications Director


Press Office                             [phone]



The Capita Group Plc is the UK's leading provider of integrated professional
support service solutions. The Group's service capabilities encompass customer
services, financial services, human resource services, software services,
systems and strategic support and property services delivered to both public
sector and private organisations. With over 25,000 employees at more than 250
offices across the UK and Ireland, Capita is quoted on the London Stock Exchange
(CPI.L), and is a constituent of the FTSE100 with revenues for 2005 of £1,436
million.


Further information on The Capita Group Plc can be found at:  www.capita.co.uk



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