Acquisition

Begbies Traynor Group PLC 22 February 2008 22 February 2008 Begbies Traynor Group plc Acquisition of CoyleClark LLP Begbies Traynor Group plc (''the Group') (AIM: BEG), the specialist professional services organisation, today announces the acquisition of CoyleClark LLP, a specialist tax investigation practice based in Altrincham, in the North West of England, and with an office in Northern Ireland. The acquisition represents a further step in line with the Group's stated strategy to extend and diversify its professional services offering. CoyleClark LLP was founded in 2002 by Leo Coyle and Alex Clarke, and operates in a wide range of areas from investigation work, forensics, and financial mediation through to prosecution defence. They also use their investigation background in writing reports as expert witnesses to assist legal contacts in defence of Confiscation Orders, be it a tax prosecution or any matter involving the Proceeds of Crime Act. Following the acquisition, Leo and Alex will become Partners in BTG Financial Partners. The business will be integrated with the Group's existing tax consultancy, which is based in Manchester and which was established following the recent acquisitions of Shaw Tax and Stellar Financial Services. As a result of these acquisitions, together with organic growth, the Group now derives annualised fee income of over £5 million from tax consultancy services. Ric Traynor, Executive Chairman, commented: 'The CoyleClark team extends the Group's penetration of the specialist tax consultancy market and broadens our service offering considerably. I am delighted that they have chosen to become a part of Begbies Traynor Group and we look forward to growing the business as part of the Group and to driving cross referral opportunities from our professional contact base.' - Ends - For further information, please contact: www.begbies-traynorgroup.com Begbies Traynor Group plc 0161 837 1700 Ric Traynor, Executive Chairman John Gittins, Chief Financial Officer Shore Capital & Corporate Limited 020 7408 4090 Guy Peters Smithfield 020 7360 4900 Reg Hoare/Katie Hunt/Will Henderson About Begbies Traynor Group: Begbies Traynor Group plc is a specialist professional services organisation providing independent professional advice and solutions to businesses, financial institutions, the accountancy professions and individuals in the areas of corporate finance, recovery, investigation, risk management, commercial finance and specialist tax advice. It is listed on AIM (Ticker: BEG.L). This information is provided by RNS The company news service from the London Stock Exchange
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