Acquisition Completed

PORTMEIRION POTTERIES (HOLDINGS) PLC 20 August 1999 Portmeirion announces that it has today completed the acquisition of land, buildings, plant and equipment from the Joint Administrative Receivers of Biltons Tableware Limited. As mentioned in their recent Interim Report, the 4.8 acre freehold site, which is close to Portmeirion's Stoke factory, should quickly be in production of Portmeirion ceramic product including new glazed items for 'The Seasons Collection', their recently introduced product range. The total cost of the acquisition, including initial work required to set the site up for production, is estimated at £1 million.
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