Acquisition

RNS Number:6061R
SP Holdings PLC
03 November 2003


3 November 2003



                                SP HOLDINGS PLC

                    ACQUISITION OF RETAIL SOURCE LIMITED



SP Holdings PLC ("the Company"), the marketing and financial services company,
announces the acquisition of the entire issued capital of Retail Source Limited
("Retail Source"), a specialist retail brand marketing consultancy founded by
Chris Howarth.

Retail Source Ltd and its clients which include Heinz, Procter and Gamble and
Everton Football Club will be integrated into SP Active Ltd, the Company's
marketing services subsidiary.

Commenting on the deal, SP Active Managing Director Tony Simpson, said:

'Following on from our acquisition of Observebrands, the acquisition of Retail
Source further strengthens our lead in the retail marketing sector.  Chris
Howarth brings a proven track record in helping organisations achieve
incremental brand and bottom-line performance.'

Chris Howarth said:  "SP Active is leading the way in helping businesses extend
their brands into the retail sector to increase their revenue streams.  It has
attracted some of the UK's leading talent in this area, and I look forward to
working with them to accelerate the opportunities available.'



ENDS


Enquiries:

SP Holdings PLC                                   Telephone:  [phone]
Simon Eagle, Chief Executive

Hudson Sandler                                    Telephone:  [phone]
Nick Lyon / Wendy Baker




Notes to Editors:

SP HOLDINGS PLC operates two divisions: SP Active Limited ('SPA'), its marketing
subsidiary, and SP Financial Services and Mottram Partners, its subsidiaries in
the area of financial services.

*  On 29 September 2003 SP Holdings announced the acquisition of the
goodwill and tangible assets of the independent financial advisor Robert Ward.

*  SPA announced the acquisition of Chris Reed Marketing Ltd, the brand/
media barter specialist, on 1 August 2003.

*  SP Holdings announced the acquisition of 'Observebrands', a specialist
retail and fashion brand consultancy, via its new subsidiary, SP Brands Limited,
on 20 October 2003.

*  SP Holdings announced the acquisition of the entire issued capital of
Provisor Global Search Limited, a specialist human resources consultancy, on 27
October 2003.


RETAIL SOURCE currently includes Heinz, Procter and Gamble, Everton Football
Club amongst its customers




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