Acquisition/Add. Listing

MITIE Group PLC 5 June 2000 MITIE GROUP PLC (MITIE) MITIE announces that it has agreed to acquire 7.2% of the issued share capital, held by minority shareholders, of MITIE Access Systems Ltd (Access Systems) for a consideration of £490,000, to be satisfied by the issue of 59,283 New Ordinary shares of 5p each in MITIE (valued at £2.80p per share being the mid market price per MITIE share on 28th April 2000) and the balance in cash. After the acquisition MITIE will own 71.9% of Access Systems. The acquisition is made in accordance with the terms of the agreement between MITIE and the employee shareholders of Access Systems entered into on 21st January 1997. Access Systems operates the hire and sale of scaffolding and access equipment throughout the United Kingdom. Application has today been made for the 59,283 New Ordinary shares of 5p each in MITIE to be admitted to the Official List, maintained by the UK Listing Authority, and to trading by the London Stock Exchange. Upon admission the New Ordinary shares will rank pari passu with the existing Ordinary shares. Enquiries: Floyd Waters MITIE Group PLC 01934 862 006

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Mitie Group (MTO)
UK 100

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