Acquisition

Compass Group PLC 5 April 2004 Compass Group Acquires German Travel Concessions Business 5 April 2004 Compass Group's international concessions business, Select Service Partner, is pleased to announce that it has reached agreement to acquire Mitropa AG for net consideration of €17.6 million. The final price is subject to a completion balance sheet. In 2003 Mitropa reported sales of approximately €115m and a small operating loss. Mitropa AG, acquired from Deutsche Bahn, operates concessions in over 60 railway stations and 30 motorway service areas in Germany. Michael J. Bailey, Chief Executive, Compass Group, said: 'The acquisition of Mitropa represents an excellent strategic opportunity for Compass Group in a very significant market. Mitropa will benefit from and complement our existing expertise in UK rail concessions. In addition to the opportunity that Mitropa will bring in Germany, it will also provide us with an excellent platform for further organic growth in all channels of travel concession through out Central Europe. Furthermore, we expect this deal to be value creating and drive return on capital employed in the near term.' ENDS Enquiries: Compass Group PLC Sarah Ellis, Director of Investor Relations +44 (0)1932 573 000 Brunswick Timothy Grey / Pamela Small +44 (0)20 7404 5959 Note: Compass Group is the world's largest foodservice company with annual revenues in excess of £11 billion. Compass Group has over 400,000 employees working in more than 90 countries around the world. For more information, visit www.compass-group.com This information is provided by RNS The company news service from the London Stock Exchange
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