Acquisition

Torex Retail PLC
20 January 2005





20th January 2005



    Torex Retail plc expands UK Petroleum Business with £2.1m acquisition of
                          Petroleum Services Business



Torex Retail plc ('Torex Retail'), the UK's market leader in retail IT systems,
today announces the completion of the £2.1m acquisition of Flexiline Forecourt
Services Limited ('Flexiline'). Flexiline specialises in the installation and
servicing of equipment in petrol filling stations. The £2.1m consideration will
be satisfied by the payment of £1.05m in cash and £1.05m by the issue of
1,288,343 new Torex Retail shares.



Flexiline, based in Hertfordshire, provides a range of forecourt services
including the project management of service station redevelopment, petrol pump
and system refurbishment, forecourt equipment installation and servicing. The
company has grown steadily through winning significant service contracts from
major retailing groups and achieved sales of £2.5m for the 12 months ended 31st
October 2004.



Flexiline will become part of Torex Retail's expanding Petroleum and Convenience
Division and will complement the range of products and services provided for the
UK retail petroleum market.



Rob Loosemore, Executive Chairman of Torex Retail plc, commented:



'The acquisition of Flexiline will add depth to our service offering in the
retail petroleum sector. Over the next few years there will be increased
development and refurbishment activity on forecourts with the introduction of
new fuels, environmental protection legislation and the addition of outdoor
payment terminals on forecourts. We will now be even better placed to take
advantage of this increased activity.



Flexiline has established an enviable reputation in the market and I expect
that, with the backing of Torex Retail, the company will be in a better position
to win new business from major oil companies. The market is dominated by the
service departments of pump companies and there is no independent company so
well equipped as Flexiline to offer high quality service on the full range of
equipment at filling stations.'





                                    - ends -




Enquiries:

Torex Retail plc                                   Citigate Dewe Rogerson
Rob Loosemore, Executive Chairman                  Seb Hoyle / Ginny Pulbrook
Richard Thompson, Finance Director                 Freida Moore
Telephone: [phone]                    Telephone: [phone]


Application will be made for the 1,288,343 new shares to be issued pursuant to
the consideration for the acquisition to be admitted to trading on AIM.
Admission is expected to become effective on 25 January 2005.


                      This information is provided by RNS
            The company news service from the London Stock Exchange