Asset Acquisition

RNS Number:6208D
Monkleigh plc
04 October 2004


RNS Release

4 October 2004

                   Monkleigh plc announces asset acquisition

Monkleigh plc, an AIM-listed company that buys and develops events management,
corporate hospitality and related niche supplier businesses, is pleased to
announce that Shirley Chick and Martin Chick have joined the Company as
Divisional Managing Director and Divisional Director respectively. Two further
employees are also joining Monkleigh with immediate effect. In addition, the
Company has acquired certain assets, including the name Pro Motions Event
Management, from Shirley and Martin Chick for a consideration of #255,000,
satisfied in cash. No revenue or profit is directly attributable to the assets
acquired.

Shirley and Martin Chick have also agreed to subscribe for, in aggregate, one
million shares in Monkleigh at 15 pence per share as part of this transaction.

Shirley Chick has been in the events management industry for more than nineteen
years, providing marketing services including new product launches, team
building events, customer and staff incentives, gala events and corporate
conferences. During this time she has worked with blue-chip names, including BMW
(GB) Ltd, Mercedes-Benz (UK) Ltd, BAE Systems, The Post Office, AXA-PPP and
Vauxhall Motors UK.

Shirley and Martin Chick are Monkleigh's first senior appointments since it
floated on AIM in July 2004 and represent the first stage in the Company's plan
to form an event marketing services group. Monkleigh intends to acquire or
invest in businesses in the highly fragmented events marketing sector, taking
advantage of the cost savings from centralised overheads and administration
costs to increase profit margins.

Shirley Chick, Divisional Managing Director of Monkleigh plc, comments:

"Martin and I are pleased that we can offer an even greater service that being
part of Monkleigh plc and all its resources will allow. As a highly committed
team with huge event management experience, we look forward to extending our
talents with the Group."

Ric Yerbury, Chief Executive of Monkleigh plc, comments:

"We're delighted to be able to welcome Shirley and Martin Chick and their
colleagues to Monkleigh. We believe that their experience and strong industry
relationships will greatly enhance the ability of Monkleigh to grow its
business. We are actively seeking to acquire or invest in businesses in the
marketing services and corporate hospitality industry, which is ripe for
consolidation, and are currently in discussions with a number of potential
acquisition targets."

Enquiries:

Ric Yerbury, Chief Executive             Neil Boom/Rosie Acfield
Monkleigh plc                            Gresham PR Ltd.
T: 0207 399 7710                         T: 020 7404 9000
M: 07968 063023

Dwight Mighty
Corporate Synergy Plc
T: 020 7626 2244


Notes to Editors

Background

Monkleigh plc (MNK) is an AIM-listed company that buys, invests in and develops
events management, corporate hospitality and related niche supplier businesses
to form an integrated event marketing service group. Monkleigh was admitted to
AIM on the 8th July 2004.

Strategy

The Company's strategy is to create, through a combination of acquisitions and
organic growth, a fully integrated national event marketing services company
with a strong brand. The Company intends to focus on the management of added
value events, principally to the corporate sector, where it is anticipated that
the application of, for example, themes, entertainment, sponsorship and
measurement and assessment services will increase margins.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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