Acquisition of Business

Caffyns PLC 04 February 2004 Caffyns plc 4 February 2004 Acquisition of Business Caffyns plc ('the Company') announces that it has today purchased the business of the Vauxhall dealer covering the Tunbridge Wells territory from the Piper Group ('Pipers'). The Company has acquired the freehold premises, plant, equipment, stock and goodwill. The total consideration for the assets purchased is approximately £2.9 million and is payable in cash. The dealership made a profit before taxation in the year ended 30 April 2003 of £98,000 on turnover of £7.7m. The Company is delighted to represent Vauxhall in Tunbridge Wells, which complements its existing Vauxhall representation in East Sussex and Kent. This information is provided by RNS The company news service from the London Stock Exchange