Acquisition

Torex Retail PLC
02 May 2006

                                TOREX RETAIL PLC

                        ('Torex Retail' or 'the Group')



    EXPANSION OF PETROLEUM ACTIVITIES WITH ACQUISITION OF LEADING UK SERVICE
                                    PROVIDER



Torex Retail, an international market leader in the provision of innovative IT
solutions, is pleased to announce the acquisition of TQIPS Limited ('TQIPS'), a
leading provider of project management and services to UK petroleum retailers.



The initial consideration payable of £7.25 million is to be satisfied by the
issue to the vendors of 7.25 million ordinary shares in Torex Retail. Further
consideration of up to £3.5 million will be payable to the vendors dependent
upon the profitability of TQIPS in the two years ending 31 December 2007. Any
additional consideration payable will be satisfied through the issue of Torex
Retail ordinary shares.



Application has been made to the London Stock Market for the 7,250,000 shares
issued on completion to be admitted to trading on AIM. It is expected that
admission will occur on 5 May 2006.



Brendan Kavanagh , Head of Worldwide Petroleum for Torex Retail, commented :



'Strategically TQIPS is a very important acquisition and a natural expansion of
our petroleum retail business. TQIPS has an unrivalled reputation for service
and completes our overall service offering to the Major Oil Companies and major
supermarket chains. Their blue chip customer list including Tesco, Asda,
Morrisons, BP and Texaco further strengthens our base in this market which
already includes Jet, Esso, Shell, Somerfields, Maxol, Lakeside Group and a
large number of independent dealers.'



This acquisition positions us extremely well to win significantly more business
in this expanding sector, including our target of achieving major contract wins
for LUCAS Petroleum.'

                                     Ends.



For further information please contact:



Torex Retail plc:  [phone]

Brendan Kavanagh , Head of Worldwide Petroleum

Mark Pearman , Group Finance Director



Citigate Dewe Rogerson:  [phone]

Seb Hoyle


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