Acquisition & Placing

Accuma Group PLC
31 August 2005





Press Release                                                   31 August 2005


                                Accuma Group plc

                            Acquisition and Placing

Accuma Group Plc ('Accuma' or the 'Group'), a leading provider of personal debt
advice specialising in Individual Voluntary Arrangements (IVAs), today announces
the acquisition of Wilson Phillips Limited ('Wilson Phillips'), a personal
insolvency practice, for a total consideration of £3,335,000. The acquisition
will be funded by a placing of 1,935,500 new ordinary shares at a placing price
of 155p, raising £3 million before expenses.

Wilson Phillips is a personal insolvency practice located in Blackburn,
Lancashire. It was established in May 1999 and currently employs 23 staff.
During the year ended 31st May 2005, Wilson Phillips reported turnover of £1.13
million from which it made a pre-tax profit of £230,000.

Wilson Phillips operates within the same market as Accuma although it generates
its clients from strategic relationships with other financial intermediaries. It
currently has £2.4 million of future contracted revenues and an estimated 2.2%
share of the UK IVA market with a monthly run rate of 40 cases.

Accuma will acquire Wilson Phillips for an initial consideration of £2,668,000.
Up to a further £667,000 may become payable after six months upon the completion
of an agreed number of IVA cases. This can be satisfied in cash or shares at a
price of 155p per share at the discretion of the vendors subject to a minimum
cash payment of £166,750.

Of the £2,668,000, £250,000 will be satisfied by the issue of 161,291 ordinary
shares in the Group and will be subject to a two year lock-in.

Accuma has applied for the 2,096,791 new ordinary shares issued pursuant to the
acquisition and the placing to be admitted to trading on AIM on 6 September
2005.

Charles Howson, Chief Executive of Accuma Group, commented:

'I am delighted to announce the acquisition of Wilson Phillips as this further
enhances the strong organic growth that Accuma has achieved since listing in
March. Our market share continues to grow and this acquisition will ensure that
the Group continues to meet demand for its services both from the public
directly and from increased referrals from other financial intermediaries.'

For further information:

Accuma Group plc
Charles Howson, Chief Executive                     Tel: [phone]
[e-mail]                      www.accumagroup.com
                                                           

Daniel Stewart & Co.
Marc Young / Tom Jenkins                            Tel: [phone]
[e-mail]


Media enquiries:
Abchurch
Peter Curtain / Chris Lane                          Tel: [phone]
[e-mail]                       www.abchurch-group.com
                                                       





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