Acquisition

Hargreaves Services PLC
03 April 2008





                            HARGREAVES SERVICES PLC
                         (the 'Group' or 'Hargreaves')


             Acquisition of AJS Contracts Limited for £4.64 million

Hargreaves Services plc (AIM: HSP), a leading supplier of support services to
the energy, mineral and waste sectors, today announces that it has acquired AJS
Contracts Limited ('AJS'), a profitable provider of niche general engineering
maintenance services to the power generation industries, for a total
consideration of £4.64 million (the 'Acquisition').

Services provided by AJS include fabrication works, repairs and the provision of
skilled engineering labour to power stations. AJS has been acquired to
complement Norec Ltd ('Norec'), Hargreaves' wholly owned industrial services and
facilities management company. The Acquisition will allow the Group to extend
the range of services that Hargreaves' Industrial Services Division provides to
its  power station customers.

The consideration will be paid in cash, with £2.20 million paid on completion
and two further deferred instalments of £1.22 million each, payable on the first
and second anniversaries of the Acquisition.

In the 12 months preceding completion, AJS is expected to achieve a profit
before tax of approximately £1.0 million on sales of approximately £6.0m. Net
assets at completion is expected to be approximately £0.2m.

Commenting on the acquisition of AJS, Gordon Banham, Hargreaves' Chief Executive
Officer, said, 'AJS is a quality engineering services business and is a highly
complementary business to Norec. This acquisition will allow us to improve both
the range and quality of services provided to our power station customers.'

Enquiries:

Hargreaves Services plc                                            0191 373 4485
Gordon Banham, CEO
Iain Cockburn, Finance Director

Buchanan Communications                                            0207 466 5000
Diane Stewart, Catherine Breen

Brewin Dolphin Investment Banking                                  0113 241 0187
Andrew Kitchingman



END


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