Tender Win & Acquisition

RNS Number:9799C
Carter & Carter Group PLC
30 August 2007



Immediate Release                                                 30 August 2007





                           Carter & Carter Group plc

                       ('Carter & Carter' or 'the Group')


                    TENDER WIN AND ACQUISITION ANNOUNCEMENT


Carter & Carter, the leading provider of learning solutions and outsource
support services, is pleased to announce the acquisition of the Blackwater House
training operation in Northern Ireland for cash consideration of #980,000. This
business will support a recent tender win in the region and enable the Group to
tender for further contracts in Northern Ireland going forward.


The Group was recently awarded its first significant contract from the
Department for Education & Learning in Northern Ireland to deliver
apprenticeship training which the Group expects to generate revenues of around
#5million in the first three years.


The Group has acquired the Blackwater House training operation from Component
Distributors Limited, a Northern Irish company specialising in sales,
distribution and marketing of automotive aftermarket related products.
Blackwater House is one of Northern Ireland's leading vocational training
providers, specialising in the automotive retail sector.


Rodney Westhead, Non-Executive Chairman and Interim Chief Executive, commented:


"We are delighted to have made this acquisition which provides Carter & Carter
with a footprint in Northern Ireland from which to grow in the region. This
important contract win, together with our recent success in the Learning &
Skills Council tender rounds, clearly demonstrates the organic growth
opportunities in the work based learning sector."


ENDS


Contacts


Carter & Carter Group plc
Rodney Westhead            Chairman and Interim CEO           0115 945 7226
John Green                 Finance Director

Buchanan Communications
Suzanne Brocks                                                0207 466 5000






                      This information is provided by RNS
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