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Energis PLC (160)


Wednesday 01 May, 2002

Energis PLC

Energis acquires MHL

Energis PLC
1 May 2002

For Immediate Release: 1 May 2002

Energis acquires full ownership of MetroHoldings Limited

Energis today announces that it has acquired from France Telecom their 50% stake
in MetroHoldings Limited (MHL), in lieu of a put option held by France Telecom.
Energis now owns 100% of MHL.

The consideration for the 50% stake is £8.95 million cash, representing half
MHL's £17.9 million net asset value as at 31 December 2001. The consideration is
payable over eight months, with £1 million payable immediately upon closing and
a further £1 million per month payable until December 2002.

The acquisition is a discrete part of the restructuring of Energis and is not
indicative of the success or otherwise of the Group's overall restructuring.

In the year ended 31 December 2001, MHL had revenues of approximately £3.7
million, EBITDA of approximately £1.5 million and profit after tax of
approximately £0.25 million.

Energis                                    + 44 (0) 20 7206 5555
Christine Holgate

Gavin Partington
Nick Benson

Citigate Dewe Rogerson                     + 44 (0) 20 7638 9571
Anthony Carlisle                           + 44 (0) 7973 611888

Notes to editors

MHL was established in April 1998 as a joint venture company between Energis (50
per cent.), Deutsche Telekom AG (25 per cent.) and France Telecom (25 per cent.)
to build metropolitan area networks ('MANs') in major UK cities. France Telecom
purchased Deutsche Telecom's stake in May 2000.

Since MHL commenced operations it has completed the construction of 5 MANs in
the City of London, Manchester, Birmingham, Leeds and Bristol. Outside of MHL,
Energis has constructed its own networks in Edinburgh, Glasgow, Bracknell,
Reading, Basingstoke and the West End of London.

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

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