Capita acquires NB Real Estate

CAPITA ACQUIRES NB REAL ESTATE The Capita Group Plc ("Capita") today announces that its property and infrastructure company, Capita Symonds, has acquired commercial property management specialists NB Real Estate Group Limited ("NB Real Estate") for £10m on a cash-free, debt-free basis. An additional contingent deferred consideration of up to £10m will be payable on the achievement of certain performance targets. Established in 1982, NB Real Estate is a multi-component property services business specialising in commercial property and asset management, consultancy, facilities management and commercial property agency business. NB Real Estate works with investment funds, property companies, institutions and occupiers in the office, retail and industrial sectors to maximise the investment and operational value of their real estate. NB Real Estate made an operating profit of £2.3m on turnover of £44m in the year to 30 September 2009. The Capita Symonds and NB Real Estate businesses are highly complementary. This acquisition will give Capita Symonds an unparalleled full service proposition across the real estate lifecycle, bringing front end advisory and acquisition, and ongoing property and estates management expertise to its existing multidisciplinary project design, development and management capabilities. Paul Pindar, chief executive of the Capita Group Plc, said: "The acquisition of NB Real Estate provides Capita with an important additional growth opportunity in the property services marketplace. The continuing pressure on public service spending and the wider UK economy will drive more organisations to consider more innovative and efficient ways to manage their property assets and the NB Real Estate operation is well placed to fulfil this demand." The acquired business will continue to trade as NB Real Estate in 2010 while it is being fully integrated into Capita Symonds. NB Real Estate has 560 employees and offices in London, Manchester and Edinburgh. -ends- For further information please contact: The Capita Group Plc Tel: 020 7799 1525 Paul Pindar, Chief Executive Shona Nichols, Corporate Communications Director Press enquiries: Capita press office 020 7654 2399 The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 36,000 people at more than 300 sites, including 59 business centres across the UK, Ireland, the Channel Islands and India, the Group uses its expertise, infrastructure and scale benefits to transform its clients' services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2008 of £2,441 million. Further information on The Capita Group Plc can be found at: http:// www.capita.co.uk

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