Acquisition

Tribal Group PLC 25 November 2004 Tribal Group plc 25 November 2004 Completion of the acquisition of Strategic Information Technology Services Group Limited Further to the announcement made on 19 October 2004 relating to the acquisition of Strategic Information Technology Services Group Limited ('SITS'), Tribal Group plc ('Tribal') is pleased to announce that is has now acquired the remaining 20.2% of the issued share capital of SITS. Tribal now owns 100% of the fully-diluted share capital of SITS. The further SITS shares acquired represent the SITS shares issued following the exercise of share options by SITS option holders. The consideration paid on completion of the acquisition of these remaining SITS shares is £2.9 million, which has been satisfied by the issue of 266,994 new ordinary shares of 5p each in Tribal Group plc (the 'New Tribal Shares') and £2.4 million in cash or loan notes. Application will shortly be made for the admission of the New Tribal Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. The New Tribal Shares will rank pari passu in all respects with Tribal's existing ordinary shares and it is expected that trading will commence on 30 November 2004. Save as set out above, there has been no significant change affecting any of the matters contained in the initial announcement of the acquisition of SITS and no other significant matter has arisen in this respect which would require further announcement. END This information is provided by RNS The company news service from the London Stock Exchange

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Tribal Group (TRB)
UK 100

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