Acquisition

Capita Group PLC 30 July 2007 CAPITA TO ACQUIRE TRUST ADMINISTRATION BUSINESS OF PRICEWATERHOUSE COOPERS CI LLP The Capita Group Plc ('Capita'), announced today that it has agreed to acquire the trust administration business of PricewaterhouseCoopers CI LLP in the Channel Islands for a cash consideration of £12.75 million. PricewaterhouseCoopers CI LLP provides trust formation and on-going administration services in accordance with Jersey, Guernsey and English law. This includes the provision of corporate trustees, the maintenance of bank accounts and investment portfolios, the regular reporting of financial information as required and the liquidation, restructuring and termination of trust structures. On a proforma basis, the unaudited accounts of the business for the 12 months to 30 June 2007 report an operating profit, after adjusting for certain overheads, of approximately £2 million on turnover of £4.8 million. Commenting on the deal, Paul Pindar, The Capita Group Chief Executive said: 'The acquisition is a natural fit for Capita, in terms of our client base, client services and professional staff. The deal also further demonstrates Capita's commitment to, and investment in, Jersey and the financial services industry. The increased capacity will help ensure our continued growth in this sector and we expect the acquisition to bring clear benefits to both new and existing customers. We look forward to welcoming the team to Capita. ' Philip Taylor, Senior Partner, PricewaterhouseCoopers LLP Jersey, added: 'We are delighted that Capita intend to acquire the trust and company administration business. We believe this option provides excellent prospects for the business and the people to grow and develop in the future.' The deal is subject to approval by the Jersey Financial Services Commission, the Guernsey Financial Services Commission and the Jersey Competition Regulatory Authority. -ends- For further information please contact: For further information: The Capita Group Plc Tel: 020 7799 1525 Paul Pindar, Chief Executive Shona Nichols, Corporate Communications Director Capita Press Office Caroline Mooney Capita press office Tel: 020 7654 2152/0870 2400 488 (out of hours) The Capita Group Plc is the UK's leading provider of integrated professional support service solutions. The Group's service capabilities encompass business process outsourcing, (BPO), customer services, administration and support, human resources, ICT, property consultancy, finance & treasury and consultancy delivered to both public sector and private organisations. With 27,800 employees at more than 250 offices across the UK, Channel Islands, Ireland and India, Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2006 of £1,739 million. Further information on The Capita Group Plc can be found at: www.capita.co.uk This information is provided by RNS The company news service from the London Stock Exchange

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Capita (CPI)
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