Acquisition

Sirdar PLC
15 August 2002



Sirdar PLC
15 August 2002


Sirdar PLC ('Sirdar') today announces that it has completed the acquisition of
the entire issued share capital of William Pownall and Sons Limited ('Pownall'),
a Lancashire-based manufacturer and distributor of high quality wool rich
carpets, for £5.0 million in cash.

The profit before taxation of Pownall for the year to 31 December 2001 was £0.7
million on a turnover of £9.9 million. Operating profit for the year to 31
December 2001, following adjustment for non-recurring items, was £1.1 million.
The net assets of Pownall as at 31 December 2001 amounted to £1.7 million. The
anticipated value of net assets of Pownall to be acquired at completion is £2.25
million with any variation from this level being subject to a pound for pound
adjustment to consideration, based on final completion accounts.

It is expected that the acquisition will be earnings enhancing in the year to 30
June 2003. The acquisition strengthens Sirdar's position in the high quality
residential carpet sector in the UK. The acquisition provides further
cross-selling opportunities from within the enlarged Group and provides the
potential to increase the utilisation of the enlarged Group's carpet
manufacturing and distribution facilities.


Sirdar PLC

Duncan Verity                            01924 371501
Kevin Henry                              01924 371501


END

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