Acquisition

RNS Number:1333O
Bolton Group (International) Ld
30 July 2003


                              ACQUISITION

Bolton Group (International) Limited ("Bolton Group"), the real estate holding
and development group, announces that its wholly owned subsidiary, Bluekirk
Limited, has exchanged contracts to acquire an 8.3% interest in Megacom Holdings
Limited ("Megacom") for a total cash consideration of #300,000.

Megacom is a private limited company incorporated in Hong Kong, which holds
interests in three advertising operations in Mainland China, Megacom Advertising
Limited (95%), Neusky Media Limited (100%) and Innovedia Limited (100%). The
group is an expanding organisation, which is involved in a full range of
advertising, marketing and media activities, including hotel and in-flight
magazines and innovative, in-store audio visual marketing.

Peter Derby, Chairman of Bolton Group, said: "In recent years, Bolton Group has
been seeking opportunities to move its investment strategy away from the
property sector into areas offering greater potential growth. The investment in
Megacom is seen as a positive step in improving our prospects for growth."
 
For further information, please contact:

Bolton Group (International) Limited     Tel:     [phone]
Peter Derby, Chairman

Rawlings Financial PR Limited            Tel:     [phone]
Catriona Valentine


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


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