Acquisition

Macfarlane Group PLC 02 October 2006 Macfarlane Group PLC acquires Bloomfield Supplies Limited 2 October 2006 In line with the Group's strategy to develop its Packaging Distribution businesses, Macfarlane Group PLC ('Macfarlane') announces that it has today concluded an agreement to acquire Bloomfield Supplies Limited ('Bloomfield'), a packaging distributor based in Gloucester, for a maximum cash consideration of £2.0 million. £1.15 million of the consideration will be paid immediately, with the retained consideration becoming payable in the final quarter of 2007, subject to certain trading targets being met in the year to 30 September 2007. Bloomfield complements Macfarlane's existing Packaging Distribution activities, primarily in the South-West of the UK. The business made an operating profit of £0.3 million on turnover of £3.9 million in the year to 31 May 2006 (audited). Gross and net assets in the audited accounts at 31 May 2006 totalled £1.2 million and £0.2 million respectively. Further information: Peter D. Atkinson Chief Executive 0141 333 9666 John Love Finance Director 0141 333 9666 This information is provided by RNS The company news service from the London Stock Exchange
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