Acquisition

Anite Group PLC
3 September 2001

                        Anite Group plc
                               
                    ('Anite' or 'Company')
                               
                       3 September 2001
                               
  Anite acquires Parsec Systems Limited for up to £27 million
                               
INTRODUCTION

Anite, the European IT consultancy and services company, today
announces that it has acquired the entire issued share capital
of  Parsec Systems Limited ('Parsec'), an e-business solutions
design and development specialist, for a maximum consideration
of £27 million.

The total consideration comprises an initial consideration  of
£7  million ('Initial Consideration') with up to a further £20
million  deferred  consideration  ('Deferred  Consideration'),
payable  on  the achievement by Parsec of certain  profit  and
revenue targets for the period to 30 April 2004.

BACKGROUND TO AND REASONS FOR ACQUISITION

This acquisition further strengthens Anite's position in the e-
business  solutions market and adds significant  expertise  in
application  design and development.  Parsec  was  founded  in
1997,  is  based  in  Aylesbury, and  has  enjoyed  rapid  and
significant  growth,  with particular recent  success  in  the
financial services sector where clients include Skandia  Life,
Halifax,  and Mellon Global Investment.  A broad portfolio  of
projects is undertaken for clients, with a focus on e-business
services  such as the publishing and distribution  of  on-line
information,  transaction  of new  business  and  self-service
management systems.

The  addition  of Parsec to the Anite group will significantly
increase  its  presence  in  the UK consultancy  and  services
business,  matching its established presence  in  finance  and
insurance in continental Europe.

CONSIDERATION

The Initial Consideration will be satisfied as to:

1.   £1.75  million by the issue by Anite of Anite loan  notes
     to be bank guaranteed from 1 May 2002 ('Initially Unguaranteed
     Loan Notes');
     
2.   £1.5 million by the issue by Anite of Anite bank
     guaranteed loan notes ('Guaranteed Loan Notes');

3.   £250,000 in cash (payable from existing resources) or by
     the issue of conditional Initially Unguaranteed Loan Notes;
     and

4.   £3.5 million by the issue and allotment by Anite of
     2,501,787 ordinary shares of 10 pence each in the capital of
     Anite ('Anite Shares'), at the rate of 139.9 pence per
     ordinary share.

Each  tranche  of Deferred Consideration will be satisfied  as
to:

1.    50% by the issue and allotment by Anite of Anite Shares;
      and

2.   50%  by the issue by Anite of Initially Unguaranteed Loan
     Notes, or, after May 2002, Guaranteed Loan Notes.
     
As  at  31  October 2000 (being the last date to which  annual
audited  accounts for Parsec have been prepared) the value  of
the  net  assets the subject of the transaction  was  £792,989
with  profits  attributable to those net assets  for  such  12
month  period  of  £1,412,255 (before  payment  of  management
bonuses  of £942,000) on turnover of £3.76m.  Parsec currently
employs  around  55  consultants and  has  enjoyed  very  high
utilisation rates on a number of significant projects.

ANITE'S  CHIEF  EXECUTIVE  JOHN  HAWKINS,  COMMENTING  ON  THE
ACQUISITION, SAID:

'The acquisition of Parsec is in line with our stated strategy
to  establish  Anite as a leading European IT consultancy  and
managed  services business.  It adds at a stroke a significant
enhancement to our e-business offering as well as bringing new
core skills and clients to our IT consultancy business in  the
UK.'

FOR FURTHER INFORMATION PLEASE CONTACT:      WWW.ANITE.COM

ANITE GROUP PLC                              0118 945 0121
John Hawkins, Chief Executive

GOLIN/HARRIS LUDGATE                         020 7324 8888
Reg Hoare/Laurence Read