White Young Green - Acquisition

White Young Green PLC

28 March 2006

White Young Green PLC

Acquisition of Tweeds Limited

White Young Green PLC, consultant to the built, natural and social environment, is pleased to announce that it has acquired Tweeds Limited ("Tweeds"), a privately owned multi-disciplinary construction consultancy based in the UK. The initial consideration was £11,000,000, being £7,105,000 in cash, £245,000 in loan notes and £3,650,000 satisfied by the issue of 970,023 ordinary shares in the share capital of White Young Green (the "Consideration Shares"). Additional consideration of up to a maximum of £1,250,000 is payable (in either ordinary shares or cash at White Young Green's discretion) if certain performance criteria are met in the first year of trading under White Young Green's ownership.

Tweeds is a multi-disciplinary construction consultancy company, offering cost management, project management, building surveying and health and safety services throughout the UK. It employs 150 staff operating from six offices in London, Liverpool, Manchester (Frankfurt: A0ETDJ - news) , Birmingham, Mold and the Isle of Man (Other OTC: MAGOF.PK - news) . Tweeds' revenues are derived approximately 75 per cent. from the private sector and approximately 25 per cent. from the public sector. Its (Euronext: ALITS.NX - news) clients include multi-national companies, central and local government, development corporations and private developers, as well as small and medium-sized enterprises. Cost consultancy services accounts for approximately 60 per cent. of Tweed's revenues.

Tweeds was founded in 1952 and operated as a partnership until July 2003. Each of the 9 senior directors of Tweeds has signed contracts of employment with the White Young Green group.

For the year ended 30 June 2005, Tweeds reported turnover of £10.7m and pre-tax profit of £1.3m, before charging non-recurring remuneration and interest charges in the year of £1.15m. As at 30 June 2005, Tweed's gross assets were £5.9m.

The acquisition of Tweeds is in line with White Young Green's stated strategic objective of expanding into cost consultancy. The Board believes that this acquisition will enable White Young Green to generate incremental revenue growth and increase efficiency as a consequence of the following features:

Ÿ It introduces cost consultancy skills to White Young Green's range of services available to existing clients in the UK;

Ÿ It broadens White Young Green's project management portfolio into the private sector;

Ÿ It provides White Young Green's other business units with potential access to an enlarged client base;

Ÿ It increases efficiency by strengthening White Young Green's existing management services team; and

Ÿ It provides a platform for further expansion in cost consultancy.

Application has been made for the Consideration Shares to be admitted to the Official List of the Financial Services Authority and to trading on the London Stock Exchange (LSE: LSE.L - news) plc's market for listed securities. Dealings are expected to commence on 31 March 2006¹.

John Purvis, Chief Executive commented:

"This acquisition is a significant step forward in the ongoing development of White Young Green and is expected to be earnings enhancing in its first full year of contribution. Tweeds is a successful, dynamic and broadly based cost consultancy with an excellent reputation for service delivery and client care. It introduces a key new complementary skill to our current portfolio throughout the UK and will therefore significantly enhance our ability to develop strategic partnerships with our clients in the future."

Press Enquiries:

John Purvis, Chief Executive

Bob Hartley, Finance Director

White Young Green PLC Tel: (0113) 278 7111

Tim Anderson / Rebecca Skye Dietrich

Buchanan Communications Tel: (020) 7466 5000

Notes to editors

· ¹ The Consideration Shares are not entitled to the interim dividend declared today by White Young Green and accordingly a separate line of stock has been created to accommodate this which will cease to exist following the interim dividend record date on 19 April 2006.

· White Young Green was advised by N M Rothschild ∓ Sons Limited in connection with the Acquisition.

NM Rothschild ∓ Sons Limited is acting exclusively for White Young Green and no one else in connection with the matters referred to in this announcement and it will not be responsible to anyone other than White Young Green for providing protections afforded to its clients or for providing advice in relation to the matter referred to herein.