Acquisition & Placing

Accuma Group PLC 31 August 2005 Press Release 31 August 2005 Accuma Group plc Acquisition and Placing Accuma Group Plc ('Accuma' or the 'Group'), a leading provider of personal debt advice specialising in Individual Voluntary Arrangements (IVAs), today announces the acquisition of Wilson Phillips Limited ('Wilson Phillips'), a personal insolvency practice, for a total consideration of £3,335,000. The acquisition will be funded by a placing of 1,935,500 new ordinary shares at a placing price of 155p, raising £3 million before expenses. Wilson Phillips is a personal insolvency practice located in Blackburn, Lancashire. It was established in May 1999 and currently employs 23 staff. During the year ended 31st May 2005, Wilson Phillips reported turnover of £1.13 million from which it made a pre-tax profit of £230,000. Wilson Phillips operates within the same market as Accuma although it generates its clients from strategic relationships with other financial intermediaries. It currently has £2.4 million of future contracted revenues and an estimated 2.2% share of the UK IVA market with a monthly run rate of 40 cases. Accuma will acquire Wilson Phillips for an initial consideration of £2,668,000. Up to a further £667,000 may become payable after six months upon the completion of an agreed number of IVA cases. This can be satisfied in cash or shares at a price of 155p per share at the discretion of the vendors subject to a minimum cash payment of £166,750. Of the £2,668,000, £250,000 will be satisfied by the issue of 161,291 ordinary shares in the Group and will be subject to a two year lock-in. Accuma has applied for the 2,096,791 new ordinary shares issued pursuant to the acquisition and the placing to be admitted to trading on AIM on 6 September 2005. Charles Howson, Chief Executive of Accuma Group, commented: 'I am delighted to announce the acquisition of Wilson Phillips as this further enhances the strong organic growth that Accuma has achieved since listing in March. Our market share continues to grow and this acquisition will ensure that the Group continues to meet demand for its services both from the public directly and from increased referrals from other financial intermediaries.' For further information: Accuma Group plc Charles Howson, Chief Executive Tel: +44 (0) 161 235 6460 charles.howson@accumagroup.com www.accumagroup.com Daniel Stewart & Co. Marc Young / Tom Jenkins Tel: +44 (0) 20 7776 6581 marc.young@danielstewart.co.uk Media enquiries: Abchurch Peter Curtain / Chris Lane Tel: +44 (0) 20 7398 7700 chris.lane@abchurch-group.com www.abchurch-group.com This information is provided by RNS The company news service from the London Stock Exchange