Acquisition

Screen PLC 6 February 2001 SCREEN PLC: Completion of Acquisition Completion of the acquisition of BAE SYSTEMS Plc's Civil Systems Software division Following the announcement made on 8 January 2001, Screen Plc ('Screen'), the provider of advanced security and a communication systems, announces that it has now successfully completed the acquisition of the Civil Systems Division of BAE SYSTEMS Plc ('CSD') for a consideration of £0.85m, payable in cash, together with a payment for debtors as of completion which is anticipated to be £260,000. CSD supplies advanced software products, together with related support and consultancy advice, to Fire Services throughout the UK, to dispatch emergency calls and manage their resources. Its major customers include the Fire Brigades of London, East Sussex, Tyne & Wear, Lancashire, Hereford & Worcester and Derby. Other products and services provided to customers, including airport authorities, are environmental monitoring, telematics systems and product sales. The acquisition is in line with Screen's stated policy of strengthening its presence within the emergency services sector by incorporating market-leading products and enhancing its telematic and software capabilities via Command and Control and Management Information Systems. The CSD is based in Leicester and employs a total workforce of 26. In line with earlier acquisitions by Screen, the CSD is a recognised market leader and brings with it a quality customer base, substantial forward orders and recurring revenue streams. In the year ended 31 March 2000 it recorded a turnover of £2.1m and net profits of £0.2m, and on completion is expected to have net assets of £0.7m. Commenting on the acquisition, Richard Hill, Business Development Director of Screen said: 'We are very excited about this acquisition. It will significantly strengthen our position in the 'blue light' sector and provide us with additional expertise as we seek to take advantage of new opportunities opening up in the integrated transportation and 'orange light' markets'. Contacts: Screen Plc Binns & Co PR Ltd Richard Hill, Business Development Director Peter Binns Tel: 01235 816474 Mob: 07767 342556 Paul McManus Info@screenplc.com http://www.screenplc.com Tel: 020 7786 9600
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