Acquisition

Tribal Group PLC
15 July 2003

For release at 7.00 a.m. on 15 July 2003



                                Tribal Group plc

                Acquisition of Kinetic Technologies Limited and
                establishment of Tribal Asset Management Limited


Tribal Group plc ('Tribal Group'), the provider of professional support services
to the UK public sector, is pleased to announce that it has completed the
acquisition of Kinetic Technologies Limited ('Kinetic') for a total
consideration of up to £6.96 million.

Kinetic is a leading supplier of property and asset management software to local
authorities.  The software allows a local authority to maintain an up to date
property register and to plan its repair and maintenance schedules.  Additional
modules are available covering applications such as condition surveys, asset
valuations, disabled access audits and project management.  Approximately
one-third of Kinetic's turnover is represented by support and maintenance
contracts.

It is intended that Kinetic will be merged with Tribal's existing asset
management interests to form Tribal Asset Management Limited ('Tribal Asset
Management').  Tribal Asset Management will be the leading provider of asset
management software and related services to the local government sector and will
have over 100 local authority clients.

The total maximum consideration for the entire issued share capital of Kinetic
will be £6.96 million. The initial consideration of £3.68 million (which
includes the purchase of cash balances of approximately £0.5 million) has been
satisfied by:

•    £2.65 million in cash; and
•    the issue of 318,672 new ordinary shares of 5p each in Tribal Group plc.

Deferred consideration of up to £3.29 million will be paid based on the growth
in operating profit of Tribal Asset Management in the periods ending 31 March
2006.  The deferred consideration will be satisfied by the issue of new Tribal
Group shares or, at Tribal Group's option, loan notes.

In the 12 months ended 30 April 2003, Kinetic had operating profit of £573,000
on turnover of £1,612,000.  Net assets at 30 April 2003 were £769,000.   The
acquisition is expected to be immediately earnings enhancing.

Application will be made for admission of the 318,672 shares to be issued as
initial consideration to trading on the Official List of the London Stock
Exchange.  It is expected that these shares will commence trading on the
Official List on 18 July 2003. The shares will rank pari passu in all respects
with the existing ordinary shares of 5p each in Tribal Group.  The Kinetic
vendors have given an undertaking not to sell the shares issued as initial
consideration before the preliminary announcement of Tribal Group's results for
the year ending 31 March 2004.

Commenting on the announcement, Henry Pitman, Chief Executive of Tribal Group,
said:

'We are delighted to announce the purchase of Kinetic and the formation of
Tribal Asset Management.  As a result, we will have the leading market position
in the local authority market and the capacity to provide a comprehensive range
of asset management services to our client base.  We will also be strongly
placed to develop the combined business in other areas of the public sector such
as defence and health.'


END

For further information contact:

Henry Pitman, Chief Executive         Tribal Group plc        Tel:[phone]


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