Acquisition

The Vitec Group PLC 07 November 2006 Date: 7 November 2006 The Vitec Group plc Acquisition of Tomcat Introduction The Vitec Group plc ('Vitec' or the 'Group') announces that it has acquired Tomcat Global Corporation ('Tomcat'), a leading US manufacturer of aluminium structures for live events, for an initial cash consideration of US$14.5 million (£7.6 million) and deferred cash consideration of up to US$8.3 million (£4.4 million) conditional upon future profitability targets (the 'Acquisition'). The Acquisition has been funded from existing resources and is expected to be slightly earnings enhancing in the financial year ending 31 December 2007 (see note 1). Commenting on the Acquisition, Gareth Rhys Williams, Chief Executive of Vitec, said: 'The Board believes that Tomcat, with its leading presence in the live event market, especially in the United States, and its high quality brand image, is a highly complementary fit with our existing European based staging structures business, Litec. With the additional benefits of shared sourcing in Europe, the acquisition has the potential to accelerate growth and generate attractive returns for the Group's shareholders. We look forward to working with Tomcat in the future.' Information on Tomcat Tomcat Global comprises Tomcat and Brilliant Stages. Tomcat was founded in 1987 by its current owner, Mitch Clark, who will continue with the business. Today it has over 140 employees at sites in Midland, Texas with additional operations in Mexico and in the UK supplying both premium standard and custom aluminium truss systems, principally for the entertainment and exhibition industries. Brilliant Stages, based in the UK, is a leading supplier of custom effects and accessories for staged events. Tomcat and Brilliant Stages have undertaken projects for a wide variety of live events for customers such as the Rolling Stones, Pink Floyd, Robbie Williams and U2. For more information, see www.tomcatglobal.com In the year ended 31 December 2005 Tomcat generated adjusted consolidated profit before tax of US$2.1 million (£1.1 million). Gross assets as at 31 December 2005 were US$8.8 million (£4.6 million). Summary terms of the Acquisition Under the terms of the acquisition agreement, Vitec has acquired the shares of Tomcat Global for an initial net cash consideration of US$14.5 million (£7.6 million) subject to any closing balance sheet adjustments. Deferred cash consideration of up to a maximum of US$8.3 million (£4.4 million) is also payable on the achievement of certain annual profitability targets for 2007-09. Additional consideration of up to $5.5 million (£2.9 million) will only become payable if profit before interest and tax in the year ending 31 December 2008 for Tomcat (excluding Brilliant Stages) exceeds $2.2 million (£1.2 million). Additional consideration of up to £1.5 million will only become payable if profit before interest and tax in the year ending 31 December 2009 for Brilliant Stages exceeds £0.75 million. Analysts conference call Vitec will be hosting a conference call for analysts at 10.00am today. For dial in details please contact Elaine Ryman at Financial Dynamics on 020 7269 7121. -Ends- Contacts: The Vitec Group plc Telephone: 020 8939 4650 Gareth Rhys Williams, Chief Executive Alastair Hewgill, Finance Director Financial Dynamics Richard Mountain / Susanne Walker Telephone: 020 7269 7121 Notes to Editors About The Vitec Group plc The Vitec Group plc supplies a wide range of equipment and services to the broadcasting, entertainment and photographic industries. Its products are distributed in nearly 100 countries, either through dealerships or direct to the end user or corporate customer. The Vitec Group is a major force in its chosen specialised fields. More information can be found at: http://www.vitecgroup.com. Notes 1. This statement should not be taken to mean that earnings per share (pre amortisation of intangibles) of The Vitec Group plc will necessarily exceed historic earnings per share (pre amortisation of intangibles) of The Vitec Group plc and no forecast is intended or implied. 2. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are 'forward-looking statements' within the meaning of the United States federal securities laws. These forward-looking statements reflect Vitec's current expectations concerning future events and actual results may differ materially from current expectations or historical results. 3. All values in pounds sterling have been calculated using the exchange rate: £ 1: 1.90 US$ This information is provided by RNS The company news service from the London Stock Exchange

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