Acquisition

Savills PLC 26 April 2002 FOR IMMEDIATE RELEASE 26 April 2002 SAVILLS plc Acquisition of Agricultural Consultancy Business The Directors of Savills plc ('Savills') are pleased to announce the acquisition by its 85% owned subsidiary, Aubourn Farming Limited, of Andersons South & West partnership, an agricultural consultancy business in Salisbury and Hereford. The consideration for the acquisition is £340,000 payable in phased cash instalments between completion and April 2004. An adjustment to the consideration will be made post completion for the balance of undrawn profit at the date of completion. Philip Wynn, Managing Director of Aubourn Farming, commented: 'This transforms Aubourn into a national consultancy business. I believe this to be a really positive move between two highly successful and complementary businesses which will enable us to support our clients in the best way possible at a time when trading in the sector is so difficult. By joining forces with Andersons South and West we will now be able to field a countrywide team of consultants of outstanding talent who can take our business forward and provide comprehensive advice on all matters affecting the rural sector.' Further enquiries, please contact: Philip Wynn, Aubourn Farming Limited 01522 788224 This information is provided by RNS The company news service from the London Stock Exchange

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Savills (SVS)
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