Acquisition

Begbies Traynor Group PLC 30 January 2008 30 January 2008 Begbies Traynor Group plc Acquisition of Shaw Tax Begbies Traynor Group plc (''the Group') (AIM: BEG), the specialist professional services organisation, today announces the acquisition of Shaw Tax, the largest independent firm of dedicated Chartered Tax Advisors in the UK. The acquisition of Shaw Tax marks another step in line with the Group's strategy to extend its professional services offering. It follows the acquisition, in May 2007, of Stellar Financial Services which provides specialised fiscal structuring and investigations consultancy advice. As a result of these acquisitions, together with organic growth, the Group now derives fee income of £5m per annum from tax consultancy services. Shaw Tax was founded in 1992 by Andrew Shaw and has developed significantly over recent years through a combination of organic growth and acquisition. Its 48-strong team specialises in the provision of corporate and personal taxation services including consultancy, compliance, wealth management and trustee services. It has an extensive referral base of general practice accountants and lawyers who use the firm to help meet their client's needs. The business operates from Birmingham, with offices in London, and it will be integrated with the Group's existing tax consultancy, which is based in Manchester. Ric Traynor, Executive Chairman, commented: 'The acquisition of Shaw Tax extends the Group's penetration of the tax consultancy market and broadens our service offering considerably. 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 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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