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W.H. Ireland Group (WHI)

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Monday 14 May, 2007

W.H. Ireland Group

Acquisition

W.H. Ireland Group PLC
14 May 2007

                              WH Ireland Group plc
                        (the 'Company' or 'WH Ireland')

                                  Acquisition


WH Ireland is pleased to announce that it has acquired a further 20,520 shares
in its subsidiary company WHI Australia Pty Ltd ('WHI Australia') for a total
consideration of £344,715 (A$820,800).  This now takes its shareholding to
94,396 shares representing 76.5% 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.  WH Ireland initially
acquired 51% of WHI Australia on 30 June 2005 for a total consideration of
approximately £1.3 million.  On 12 July 2006 WH Ireland acquired a further
11,017 shares in WHI Australia for a total consideration of approximately
£0.17m, taking the Company's shareholding to 59.94%.  In addition, as previously
announced, there is a put and call option arrangement in place which enables WH
Ireland to increase its investment in the Australian business as appropriate in
the future.


DJ Carmichael recently opened an office in Melbourne and continues to perform in
line with expectations having participated in a number of IPOs and secondary
fund raisings.


For further information contact:


Michael Frame

Company Secretary

0161 832 2174


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