Acquisition

Compass Group PLC 19 February 2004 19 February 2004 Compass Group acquires US airport concessions business Compass Group's international concessions business is pleased to announce that it has reached an agreement to acquire California-based Creative Host Services, Inc. for a total consideration of £22.5 million for the equity and assumed debt of the acquired company. Creative Host Services operates over 100 sites for approximately 30 clients in the airports concessions market in the United States. The acquisition will be conducted through a cash tender offer expected to commence within the next six days. Completion is expected in April 2004. Michael J. Bailey, Chief Executive, Compass Group, said: 'Creative Host Services will complement our existing airport concessions business and provide an excellent platform for further organic growth.' Enquiries: Compass Group PLC +44 (0) 1932 573 000 Sarah Ellis Director of Investor Relations Brunswick Group Ltd +44 (0) 20 7404 5959 Timothy Grey / Pamela Small Note: Compass Group is the world's largest foodservice company with annual revenues in excess of £11 billion. Compass Group has over 400,000 employees working in more than 90 countries around the world. For more information, visit www.compass-group.com This information is provided by RNS The company news service from the London Stock Exchange
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