Proposed Acquisition

RNS Number:9283U
Simons & Co Limited
03 February 2004



                        Simons & Co. Limited ("Simons")


Proposed acquisition of ordinary shares in Wellington Market Company Plc ("WMC")
and proposed issue of new 7.5% cumulative preference shares of #1 each in Simons
                             ("Preference Shares")



Simons announces that is has today entered into a conditional contract with G de
Rham Holding SA ("GdeR") to acquire 150,000 ordinary shares in WMC.  The
consideration for this proposed acquisition is the issue, credited as fully
paid, of 101,940 new Preference Shares.

The acquisition is conditional upon:

   i).      the passing at an extraordinary general meeting of
Simons and also at a class meeting of the holders of Preference Shares of
resolutions, inter alia, to increase the authorised share capital of Simons and
to authorise the directors of Simons to issue the 101,940 new Preference Shares;
and

   ii).      the Financial Services Authority, acting in its
capacity as the competent authority for the purposes of the Financial Services
and Markets Act 2000, agreeing to admit the new Preference Shares to the
official List and London Stock Exchange Plc agreeing to admit the new Preference
Shares to trading on London Stock Exchange.

A circular setting out details of the proposed transaction will be sent to
shareholders in due course.


Contact:


Geoffrey Simon, Chairman               Simons             01608 652280


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

ACQIIFEAFRIVIIS