Acquisition Consideration

Mavinwood PLC
11 October 2007

                                 Mavinwood plc

                      Settlement of deferred consideration



Mavinwood plc announces that it has today agreed terms to settle the deferred
consideration which has or may become due in respect of the acquisition of Mono
Services Limited. It will pay £1 million (out of a maximum of £1m which could be
payable), which will be satisfied as to £100,000 in cash and as to £900,000 by
the issue of 4,500,000 ordinary shares of 0.1 pence each at an issue price of 20
pence each (the 'Deferred Consideration Shares'). Application has today been
made for the Deferred Consideration Shares to be admitted to trading on AIM,
which is expected to become effective on 16 October 2007.







Enquiries to:


Kevin Mahoney          Mavinwood plc                             020 7661 9650
Mike Vincent           Mavinwood plc                             020 7661 9651
Adrian Hadden          Collins Stewart Europe Limited            020 7523 8350
John Coles             Threadneedle Communications               020 7936 9604






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