Acquisition

WPP GROUP PLC 15 July 1999 WPP Group plc acquires PFour, a leading UK strategic marketing consultancy in financial services WPP Group plc ('WPP') has acquired PFour Consultancy Limited ('PFour'), is one of the UKs leading strategic marketing consultancies which specialises in financial services. PFour was founded 10 years ago and operates in the UK, with coverage in North America, Europe and Australasia. PFour develops programmes in the areas of brand strategy, customer segmentation, salesforce re-organisation, partnerships and alliances and marketing orientation. Its client base includes over 50 financial service organisations, including 30 companies in the FTSE 100. For the year ending April 30th 1999, revenues were £3,341,943 and net assets at April 30th 1999 were £346,000. PFour will continue to be run by its founding directors Conrad Free, Sarah Denby-Jones, Louise Thompson and Trace Allen. Commenting on the acquisition, Conrad Free, PFours Chief Executive said, 'We believe that the global nature of business today means that we need increased international presence to accelerate our growth and enhance our ability to service our clients. Being part of the WPP Group also provides us with an exciting opportunity to expand our global client base.' The acquisition of PFour complements WPPs activities in the faster growing segments of the communications services industry such as financial services, telecommunications, healthcare, hi- tech and retailing. It also offers opportunities to develop co- operative activities across WPPs information and consultancy business and its specialist communications consultancies. For further information please contact: Feona McEwan at WPP, London Tel: + 44 171 408 2204 Conrad Free at PFour Consultancy, London Tel: + 44 171 924 3233

Companies

WPP (WPP)
UK 100

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