Acquisition

RNS Number:8027K
Addworth PLC
08 April 2005

                                  addworthplc

                             126 Aldersgate Street
                                     London
                                    EC1A 4JQ

                              Tel:  [phone]
                               Fax: [phone]



8th April 2005

                                  Addworth Plc

                      Addworth takes stake in Ricmore Plc

Addworth Plc, the recently AIM floated 'active capital' investor, has today
announced that following recent purchases it has acquired 1,200,000 shares in
the AIM quoted Ricmore Plc, the internet and technology related services sector
company which floated on 30th March 2005. The stake represents 5.47% of
Ricmore's equity.


For further information


Addworth Plc                                                020 7638 8750
Mark Watson-Mitchell, Executive Chairman
Robin Abeyesinhe, Finance Director                          www.addworth.co.uk



Notes to Editors

Addworth (ADW), which gained admission to AIM on 3rd February 2005, was formed
primarily to act as an 'active capital investor'. The focus is upon the growth
of capital value and the generation of fee income from: establishing and funding
newly quoted sector focused companies; acquiring and developing companies with
growth potential; and taking minority equity positions in undervalued smaller
listed companies.

Ricmore (RMR), is a newly incorporated company that has been established as a
vehicle to invest in or acquire assets, businesses or companies in the internet
and technology related services sector in the UK.






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

ACQSSFFAWSISEFL