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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


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We store and use information you provide as follows:

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You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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Capita Group PLC (CPI)

  Print      Mail a friend       Annual reports

Thursday 02 November, 2000

Capita Group PLC

Acquisition of Eastgate

Capita Group PLC
2 November 2000

Capita acquires remaining shares in Eastgate

The Capita Group Plc ('Capita' or 'the Company') today announces that it has
acquired the remaining 74% of the issued share capital of Eastgate Group
Limited ('Eastgate') that it does not already own.

Capita will pay approximately £9.1 million on completion, to be satisfied by
the issue of 1,508,768 new ordinary shares in Capita and £1.1 million in cash.

A further payment of 862,053 shares in Capita (representing £4.5 million at
the current share price) and £0.75 million in cash will be paid on 30th
September 2001, subject to the business achieving certain performance targets.

In addition, Capita will assume all of Eastgate's outstanding debt
representing some £26 million.

Eastgate is one of the UK's largest independent providers of outsourcing
services to the insurance industry.  Founded in 1992, Eastgate has grown
successfully, both organically and by acquisition and today employs 1100 staff
at offices in London, Gloucester, Colchester and Sittingbourne.  It offers a
range of outsourcing and added value services to over 350 insurance companies,
affinity groups and other clients and is the UK's largest 3rd party insurance
claims administrator and the largest provider of insurance helpline facilities
in the UK.

Commenting on the acquisition, Rod Aldridge, Executive Chairman of Capita

'The market for outsourcing back office activities in the insurance sector is
worth some £4 billion in the UK.  Since our original involvement in Eastgate
18 months ago, we have gained a deeper understanding of this market and remain
very enthusiastic about its potential.  However, what has also become clear
during this time is that Eastgate lacked the depth of managerial and financial
resources to establish a significant presence in this exciting market.  Capita
intends to bring both of these strengths to the business and we look forward
to developing it to its full potential.

'We have recently had the opportunity to introduce several of our own
management team into the business and their impact is already showing benefits
in an increasingly visible pipeline of new business and tighter operational
procedures.  Eastgate will be rebranded under the Capita name and will be
restructured and integrated with our own infrastructure and services over the
coming months.  We see considerable opportunities to enhance both Eastgate and
Capita's current service offerings by bringing together the two operations.
We will inherit advanced call centre technology which has been developed by
Eastgate but not yet fully introduced to the market and a set of services that
will complement Capita's extensive Human Resource solutions.'

In addition, as part of this transaction, Capita has sold Eastgate Holdings
Inc, Eastgate's small US operation, to Ken Randall, Eastgate's Chief Executive
for £1.1 million in cash.  Accordingly, Mr Randall will be leaving Eastgate's
UK business as part of this transaction.

Eastgate's audited accounts for the year ended 31st December 1999, recorded a
profit on ordinary activities before goodwill amortisation, exceptional items
and taxation of £1.9 million on turnover of £68 million.  As at 31st December
1999, Eastgate had audited net assets of £6 million.

Application has been made to the UK Listing Authority and the London Stock
Exchange by the Company for the admission to the listing of 1,508,768 ordinary
shares of 2p each in the Company.  The shares for which application has been
made will rank pari passu with each of the ordinary shares of 2p each in the
Company currently in issue.  Admission is expected to take place on Thursday 2
November 2000.

For further information:

The Capita Group Plc   020 7799 1525

Rod Aldridge, Executive Chairman
Paul Pindar, Chief Executive
Shona Nichols, Group Marketing Director

Issued by

Hogarth Partnership, John Olsen/James Longfield    020 7357 9477

Notes to Editors

Eastgate Group Limited

Eastgate is one of the UK's leading providers of outsourced services to the
insurance industry. Eastgate's clients include major UK insurers, Lloyd's and
international reinsurers, brokers, captives and other insurance providers.
Eastgate offers a range of services including insurance run-off, business
process outsourcing, claims management, legal expenses insurance, telephone
helplines, accountancy services and insurance consultancy.  These services
support virtually all classes of insurance business.

The Capita Group Plc

Capita is one of the largest and fastest growing professional support services
organisations in the UK.  The Group delivers a range of integrated solutions
encompassing customer services, human resource services, software services,
systems and strategic support and property services to both public sector and
private organisations.  With over 7,500 people at over 100 UK sites, Capita is
quoted on the London Stock Exchange with a turnover of £327 million and a
market capitalisation of £3.5 billion.  Capita became a FTSE 100 company in
March 2000.  For more information, visit our website:


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