Acquisition

Montpellier Group PLC
10 May 2002

Montpellier Group plc



Montpellier announces that it has agreed to acquire a total of 7,511,537
ordinary shares of 1p each in Walker Greenbank plc from Peter Gyllenhammar and
companies controlled by him.  Together with the 189,677 shares in Walker
Greenbank already owned by Montpellier, the Acquisition will increase
Montpellier's holding to a total of 7,701,214 shares, representing approximately
13.05 per cent. of the entire issued share capital of Walker Greenbank.

Walker Greenbank plc is an international group of companies which designs,
manufactures, markets and distribute wallcoverings, furnishing fabrics and
luxury carpets for the consumer market.

The shares will be acquired at a price of 16.5 pence per share which is the
average price Mr Gyllenhammar paid, representing a total consideration of
approximately £1,240,000, payable in cash on completion.  The average closing
market price of these shares over the last 7 days has been 20.21 pence per
share.  The shares are subject to a put option exercisable until 31 May 2002 in
favour of Montpellier to sell the shares back to Mr Gyllenhammar at the same
price if for any reason Montpellier decides in that period that it does not wish
to retain ownership of the shares.

As Mr Gyllenhammar is a director and deputy chairman of Montpellier, the
proposed acquisition has unanimously been approved by the other directors of
Montpellier, having consulted with Rowan Dartington, Montpellier's nominated
adviser, who consider it to be fair and reasonable in so far as the shareholders
as a whole are concerned.

The transaction is a continuation of Montpellier's strategy of diversifying its
business and asset base following the acquisition by Montpellier of the
principal assets of Union, details of which were contained in a circular to
shareholders dated 4 March 2002.




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