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W.H. Ireland Group (WHI)

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Wednesday 12 July, 2006

W.H. Ireland Group


W.H. Ireland Group PLC
12 July 2006

            W H Ireland Group plc ('the Company' or 'W.H. Ireland')

             Acquisition of further stake in WHI Australia Pty Ltd

W H Ireland is pleased to announce that it has acquired a further 11,017 shares
in its subsidiary company WHI Australia Pty Ltd ('WHI Australia') for a total
consideration of £169,214 (A$413,137). This now takes its shareholding to 73,876
shares representing 59.94% of the issued share capital of WHI Australia.

WHI Australia is the holding company of DJ Carmichael, the Perth based
stockbroker employing over 70 people in Australia. W H Ireland initially
acquired 51% of WHI Australia on 30 June 2005 for a total consideration
of approximately £1.3 million. In addition, as previously announced, there is a
put and call option arrangement in place which enables W H Ireland to increase
its investment in the Australian business as appropriate in the future.

Laurie Beevers, Chief Executive, commented:

'We have been delighted with the performance of our colleagues in Australia
since June 2005 and are pleased to consolidate our relationship with DJC still

For further information contact:

Derek Ashford                                                    0161 832 6644
Finance Director

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