Transfer to AIM

Montpellier Group PLC
28 September 2001


Montpellier Group PLC

Montpellier, the acquisitive construction and corporate finance advisory
business, announces that it intends to transfer its listing from the Official
List to the Alternative Investment Market ('AIM').

The Board considers that AIM is a market which is more appropriate to the
current stage of development of the Company and should help to keep down the
costs associated with making further capital transactions.

Paul Sellars, Montpellier's Managing Director, commented:

'Montpellier is an acquisitive, growth orientated company and we have a number
of transactions under negotiation or in prospect, in order to consolidate the
Company's leading position in the UK construction sector, broaden its range of
business activities and strengthen its asset base.  Our strategy is to develop
the Company both organically and by selective acquisition and we consider the
visibility associated with a listing on AIM to be more in accordance with our
strategy and the Company's current stage of development'.

The Company has accordingly today applied for its entire issued ordinary share
capital to be admitted to trading on AIM.  It is expected that dealings in the
entire issued ordinary share capital of Montpellier will commence on AIM with
effect from 29 October 2001, when the Company's listing on the Official List
will be cancelled.