Acquisition

Hargreaves Services PLC
02 April 2007


For Release 7.00am                                                  2 April 2007


                            HARGREAVES SERVICES PLC
                                 ('Hargreaves')



  £4m Acquisition of the business and assets of the Simon Bulk Warehousing and
                             Distribution business


Hargreaves Services plc (AIM:HSP), a leading provider of transport and support
services to the energy and waste sectors, is pleased to announce the acquisition
of the business and assets of the Simon Bulk Warehousing and Distribution
business ('Simon') from Humber Sea Terminal Limited for a cash consideration of
£4m (the 'Acquisition').


The Acquisition includes a contract with ConocoPhillips for the transport and
storage of its petroleum coke production in the UK, together with property and
vehicles and the transfer of 28 personnel. It provides an operating base to
complement Hargreaves existing logistics activities at Immingham and will assist
its subsidiary Norec (Industrial Services) to develop further opportunities
within the petrochemical sector.


Gordon Banham, Chief Executive Officer of Hargreaves said 'This is a significant
opportunity for our Norec Industrial Services Division to develop relationships
with a major customer within a strategic location for the Hargreaves Group.'


ENDS



Enquiries:

Hargreaves
Gordon Banham, Chief Executive Officer                     0191 373 4485
Peter Dillon, Financial Director                           0191 373 4485

Buchanan Communications
Diane Stewart                                              0207 466 5000
Catherine Breen                                            0207 466 5000

Brewin Dolphin Securities
Andrew Kitchingman                                         0113 245 9341



Notes to Editors


Founded in 1994 as a coal haulage business with approximately 20 vehicles,
Hargreaves activities have now been transformed to cover mineral trading, coke
production, waste handling and transportation, handling and processing of
minerals through its two port facilities as well as specialist bulk road
haulage. The group employs approximately 1900 staff.


Since formation, the group has expanded both organically through winning new
contracts, diversifying into other business areas and by acquisition. It uses
its critical mass to create economies of scale and efficiency improvements. It
enjoys strong visibility of earnings through long term contracts.


Hargreaves operates through five divisions;


   •Minerals Division, imports and retails carbon based materials to end
    users. The Group operates at two port facilities, Immingham on the East
    Coast and Newport in South Wales. The majority of imported material is for
    the power generation industry;


   •Industrial Division, provides quality assured contract management
    services to the power generation, utilities and minerals industries,
    including the handling and storage of bulk materials;


   •Transport and Waste Division, one of the UK's largest specialist bulk
    hauliers, with a total vehicle fleet of approximately 400 vehicles;


   •Monckton Coke & Chemical Company Limited, which was acquired by
    Hargreaves in June 2005, is the only independent producer of metallurgical
    coke in the UK. It produces 200,000 tonnes of coke per annum for use in the
    production of soda ash, specialist ferro-alloys and for domestic heating;


   •Maltby Colliery, acquired by Hargreaves in February 2007 from UK Coal
    PLC. The mine produced approximately 800,000 tonnes of coking coal in 2006
    and currently employs approximately 500 staff.


In the year to 31 May 2006, Hargreaves reported turnover of £155m and PBT of
£5.5m.







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