RNS Number:7861O
Dipford Group PLC
19 August 2003


Dipford Group is pleased to announce the successful sale of a new agency
territory for London (Central & East) for its business transfer agency, Redwoods
Limited.

This is the first step in a roll out programme of eight new agencies covering
London, the North of England, Scotland and N. Ireland and will give Redwoods
full coverage of the UK. The existing Redwoods business comprises eleven agency
territories.

The agency has been sold for a total of #100,000 of which #20,000 is for the
acquisition of shares to be issued in Dipford Group plc and the balance is for a
fee for the territory and the office set up costs, including hardware, training,
and a full marketing programme.

Redwoods is one of the largest business transfer agents in the UK and, last
year, acted as the agent in the sale of over 300 small businesses.


For further information:

Jonathan Custance Baker (Executive Chairman, Dipford Group plc) - 01392 256800
Dipford - Ken Rees (Winningtons) - 0117 317 9477
Redwoods - Roland Cross (Broadgate) - 020 7776 6111
Barrie Newton - (Rowan Dartington) - 0117 9330011



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