Completion of acquisition

Torex Retail PLC
30 November 2004





30 November 2004



                                Torex Retail plc


Completion of acquisition for Alphameric Retail Division and additional Placing



Torex Retail plc ('Torex Retail'), a leading provider of IT solutions to major
European retailers, today announces the completion of the acquisition of
Alphameric plc's Retail Division announced on 15 November 2004 ('the 
Acquisition'). Following approval of the Acquisition by Alphameric's
shareholders at yesterday's EGM and the admission to trading of the 7,371,370
consideration shares and 7,343,750 placing shares this morning, the Acquisition
has been declared unconditional in all respects.



Rob Loosemore, Chairman of Torex Retail plc, said:



'The completion of the acquisition will now allow us to concentrate on
integrating the two businesses and accelerating the growth of our combined
customer base.  The increased scalability of the business provides us with
greater leverage in the market when negotiating contracts and the enlarged
product portfolio strengthens our offering as a 'one stop shop' for retailer's
IT solutions.



The combined business creates the UK's market leader in retail IT solutions and
provides the opportunity for strong organic growth by cross selling the enhanced
product portfolio within the combined customer base. We expect the Acquisition
to be earnings enhancing within the first year'.

                                      Ends



Enquiries:

Torex Retail plc
Robert Loosemore, Executive Chairman
Richard Thompson, Finance Director
Tel. [phone]


Citigate Dewe Rogerson
Ginny Pulbrook, Executive Director
Seb Hoyle, Freida Moore
Tel. [phone]




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