Acquisition

MENTMORE ABBEY PLC 13 September 1999 Mentmore Abbey plc - Acquisition of Stortext Mentmore Abbey, the UK's leading space management services group, announces that Britannia Data Management ('BDM'), its records and information management joint venture business, has acquired Stortext (Holdings) Limited ('Stortext') for £9.9 million (including assumed debt estimated at £1.1 million). Stortext is the leading provider of records and information management services in the Edinburgh market and is expanding into the Glasgow market. In the year ended 31 March 1999 Stortext generated sales of £2.8 million and an EBITDA of £1.1 million. Nick Smith, chairman of Mentmore Abbey, commenting on the acquisition said: 'The acquisition of Stortext, a business which has a commanding position in its marketplace and services a blue chip customer base, provides BDM with improved geographic coverage enabling it to enhance its service offering to existing and future customers. This acquisition is an important step to achieving our market goals.' For further information contact: Mentmore Abbey plc: Nick Smith, chairman 0208 946 3159 Singer & Friedlander: Greg Aldridge 0171 623 3000
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