Acquisition

RNS Number:3138R
SP Holdings PLC
27 October 2003

                                                               27th October 2003



                                SP HOLDINGS PLC 

                   ACQUISITION OF HUMAN RESOURCES CONSULTANCY


SP Holdings PLC ("the Company"), the marketing and financial services company,
announces the acquisition of the entire issued capital of Provisor Global Search
Limited ("Provisor"), a specialist human resources consultancy.


The new subsidiary will complement the Company's financial services activities,
providing means of internal recruitment and expansion, whilst adding increased
revenue potential from servicing external clients in the area of human
resources. Provisor will be run from Manchester by its founder, Robert Murphy.


Commenting on the deal, SP Holdings Chief Executive, Simon Eagle, said:


"Robert Murphy and Provisor will enable the Company to accelerate its aim of
building a nationwide financial services operation, whilst improving its revenue
stream from consultancy fee income."



ENDS


Enquiries:


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


Hudson Sandler                                     Telephone:  [phone]
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.






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