Acquisition

Wincanton PLC 17 January 2008 For Immediate Release 17 January 2007 Wincanton plc Wincanton continues its programme of in-fill acquisitions Acquisition announced today strengthens UK container operations Wincanton plc ('Wincanton' or the 'Group'), the leading European supply chain solutions provider, today announces the acquisition of the container logistics operations of Hanbury Davies Ltd ('Hanbury Davies'). The acquisition represents the latest in a series of in-fill acquisitions which are enhancing the Group's current profitability, broadening its business base and generating incremental opportunity for medium and longer-term growth. Hanbury Davies, one of the UK market leaders in the provision of container logistics services, is being acquired for an initial debt-free consideration of approximately £25.0m. Up to a further £2.5m may be payable subject to the financial performance of Hanbury Davies in the period to 31 March 2008. The acquisition will be financed from Wincanton's existing committed banking facilities. In the twelve months to March 31st 2007, the container activities of Hanbury Davies reported, on a pro-forma basis, turnover of approximately £52.0m, EBITDA of approximately £4.3m and EBIT of approximately £3.1m. Net assets at 31 March 2007 were approximately £6.2m. Hanbury Davies operates from 21 locations across the UK, employs 780 people, and operates 480 vehicles. With a customer portfolio that includes major shipping lines and freight forwarders such as ECS, MSC and Samskip, Hanbury Davies provides a range of container logistics services that enhance the efficiency of both inbound and outbound product flows through all major UK ports. This acquisition will strengthen Wincanton's position within the fast-growing container logistics market, complementing the Group's developing global transport capabilities and further expanding the service offering to existing customers. Graeme McFaull, Wincanton's Chief Executive, commented: 'Wincanton has a strong track record of growing both organically and through acquisition. We expect to continue to enhance our strong organic growth with acquisitions which expand our range of services, broaden our sector expertise and reinforce our geographic presence in key markets. We see no shortage of such opportunities, in either the UK or Mainland Europe.' For further information please contact: Wincanton plc Graeme McFaull, Chief Executive 01249 710 000 Gerard Connell, Group Finance Director Buchanan Communications Charles Ryland / Jeremy Garcia 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange

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Wincanton (WIN)
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