P&O Australia Foodservice Businesses Acquired

Compass Group PLC 2 November 1999 Compass Group Acquires P&O Australia Foodservice Businesses Compass Group PLC is delighted to announce the completion of the acquisition of the foodservice businesses of P&O Australia. This includes foodservice for business & industry, remote site, offshore, education and leisure clients. The consideration payable by Compass Group is A$140 million, payable in cash. Miguel Ramis, Chief Executive, Compass Group, Southern Europe, South America & Australasia Division, said, 'Through Eurest the Group already has a strong reputation for the quality of its foodservice in Australia. We are pleased that this move significantly strengthens our position in the Australian market. We look forward to working with the new members of our team to continue to provide the highest quality service to all of our clients.' For further information contact: Nick Lyon Hudson Sandler +44 (0) 171 796 4133 Cathi Lawrence Corporate Communications Director Compass Group PLC +44 (0) 1932 573000
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