Acquisition - Care Division

Mears Group PLC 14 February 2008 14 February 2008 Mears Group PLC Acquisition of Seraph Ltd Mears Group PLC announces that its subsidiary Careforce, one of the UK's leading providers of domiciliary care services, has completed the acquisition of the entire issued share capital of Darlington based Seraph Ltd for a total consideration of up to £2.0 million in cash payable from existing resources. This comprises an initial payment of £1.75 million followed by a deferred payment of up to £0.25 million conditional upon achievement of agreed performance targets over the 12 months following completion. Seraph operates from offices in Darlington servicing contracts with Stockton Borough Council, Middlesbrough Council and Darlington Borough Council as well as private clients. Mike Rogers, Chairman of Careforce, commented: 'Seraph currently delivers approximately 3,500 hours per week and employs over 100 carers. This is our ninth acquisition and seventeenth new branch since Mears acquired Careforce in April 2007. The acquisition of Seraph extends our geographical coverage into the North East and gives access to several new local authorities.' For further information, please contact: Mears Group PLC Bob Holt, Chief Executive Tel: 07778 798 816 Mike Rogers, Executive Director Tel: 01438 310600 David Robertson, Finance Director Tel: 07887 705357 Andrew Smith, Executive Director Tel: 07712 866461 Threadneedle Communications Trevor Bass/Alex White Tel: 020 7936 9666 Nominated adviser to Mears Group PLC - Investec Keith Anderson/Michael Ansell Tel: 020 7597 5970 This information is provided by RNS The company news service from the London Stock Exchange