Acquisition completion

Northgate PLC
12 May 2006





                     ACQUISITION OF RECORD RENT A CAR S.A.


Northgate plc (the 'Group'), the UK's leading light commercial vehicle hire
company, announces that yesterday it completed the second stage of the
acquisition of one of Spain's leading vehicle rental companies, Record Rent a
Car S.A. ('Record').


The Group originally acquired 49% of Record on 8 August 2005 for a consideration
of €54.8m. The amount payable for the remaining 51% of Record was primarily
dependent on the profit after tax of Record for the year ended 31 December 2005.
This consideration has been determined as €72.7m giving rise to a total
consideration of €127.5m.



                                     -Ends-


For further information, please contact:

Northgate plc                         01325 467558
Steve Smith, Chief Executive
Gerard Murray, Finance Director

Hogarth Partnership Limited           020 7357 9477
Andrew Jaques
Barnaby Fry
Anthony Arthur


Notes to Editors:

Northgate plc rents light commercial vehicles and sells a range of fleet
products to businesses via a network of hire companies. Their NORFLEX product
gives businesses access to a flexible method to acquire as many commercial
vehicles as they require.


Further information regarding Northgate plc can be found on the Company's
website:


http://www.northgateplc.com




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