Acquisition

Fisher (James) & Sons PLC
23 May 2007

23 May 2007

         James Fisher Acquires Buchan Technical Services Ltd for £4.9m

James Fisher and Sons plc ('James Fisher' or FSJ.L), the leading marine service
company, announces the acquisition of the privately owned UK based Buchan
Technical Services Limited (Buchan) for £4,900,000 cash.  Buchan has guaranteed
a minimum of £1 million of cash in the company on completion.  The acquisition
is being funded from existing resources.

Buchan is a market leader in the design and supply of centrifugal pumps,
hydraulic power packs and umbilical cords and reels, to the oil & gas majors,
pipeline commissioning and testing companies and the well servicing, well
testing and environmental companies, including the provision of operational
manpower.

The acquisition will enable James Fisher Offshore Limited, in Aberdeen, and Scan
Tech AS, in Stavanger, to supply a wider range of sale and rental equipment to
the offshore industry. Buchan will form part of James Fisher Offshore and will
move its activities to James Fisher's site at Oldmeldrum, outside Aberdeen, once
additional extended premises have been completed in 2008.

Buchan's unaudited pre tax profits for the year ended 31 October 2006 were
£653,000 (post tax £474,000) and its gross assets at that date were £2,022,000
(net assets £1,594,000 including £684,000 cash).  Its founder Andy Buchan will
remain with the Group and take up the position of Director for James Fisher
Offshore.

Tim Harris, Chairman of James Fisher, said:

'Buchan represents the latest step in the expansion of marine support services
which, in 2006, contributed 67% of group profits. It complements our existing
products and services and enjoys a strong position in specialist niche markets.'

Andy Buchan, Managing Director of Buchan said:

'Fisher Offshore is a local company and provides an excellent fit with Buchan
enjoying a similar approach and customers in the offshore market. I will be
staying with and look forward to developing the business within James Fisher
Offshore.'

Buchan's head office is in Inverurie near Aberdeen. It employs 8 people.

EC Hambro Rabben & Partners Ltd acted as corporate finance advisors to James
Fisher.

For further information, please contact:

James Fisher and Sons plc             Tim Harris           Chairman                 020 7614 9508
www.james-fisher.co.uk

Buchan Limited                        Andy Buchan          Managing Director        01467 670000
www.buchantechnical.co.uk

EC Hambro Rabben & Partners           Peter Donald                                  020 7355 4100
                                      Petter Hagland
www.echambrorabben.co.uk

Financial Dynamics                    Richard Mountain                              020 7269 7121



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