Acquisition(s)

    TELLINGS GOLDEN MILLER GROUP PLC                        

                    ACQUISITION OF OFJ CONNECTIONS LIMITED                     

The board of Tellings Golden Miller Group plc ("Tellings Golden Miller" or the
"Company") is pleased to announce that it has today completed the purchase of
the entire issued share capital of OFJ Connections Limited ("OFJ") and the
remaining 25% of the issued share capital of OFJ Ground Services Limited
("Ground Services") (a 75% shareholding in this business was purchased in
February 2007) from OFJ Group Holdings Limited ("OFJ Group").

In January 2007, the Company sold its Aircrews business to OFJ as the Board
felt that this business did not have a large enough share of its market at
Heathrow airport and hence had limited growth prospects. The Aircrews business
was integrated with OFJ and together the businesses have a significant market
share at Heathrow airport.

OFJ is a principal operator of air passenger and aircrew transport at Heathrow
airport and Ground Services has a high quality engineering facility at Heathrow
Airport involved in the provision of engineering maintenance and repair
services to third party airline ground equipment as well as the OFJ fleet and
the Company's London based fleet of 60 vehicles.

OFJ has a fleet of approximately 120 vehicles and employs approximately 214
staff. OFJ provides transportation services to passengers using Heathrow
airport as well as to a substantial number of airlines operating out of this
airport. OFJ also has several non-airport related contracts and is a provider
of transport services to several large schools in the Heathrow area.

In the year ended 31 December 2006, OFJ's turnover was £7.3 million and profit
before tax of £2.1 million. Net assets as at 31 December 2006 were £2.2
million. Sales in 2007 will benefit from OFJ's acquisition of the Aircrews
business in January 2007.

Formed in 1999, OFJ's business has expanded considerably in recent years and
this expansion has continued into 2007 with the addition of the TGM Aircrews
business referred to above.

The consideration paid for OFJ is £5.15 million in cash (subject to adjustment
in the event that net assets of OFJ are below an agreed figure) financed from
the Company's own resources, directors' loans and bank debt of £4.5 million
repayable in tranches up until 31 August 2012.

Mr Andy Nicholas and Mr Dennis Morris co-founders of OFJ Group will continue
their association with OFJ with Andy Nicholas becoming a consultant to OFJ and
Dennis Morris continuing as a director.

Stephen Telling, Chairman of the Telling Golden Miller, commented:

"I am delighted to announce the acquisition of OFJ which is a highly profitable
company with a significant share of a growing niche market. Following the sale
of our core London Bus Division in 2005, and having reshaped and improved
performance in our remaining transport businesses, the acquisition of OFJ gives
us a clear new direction of specialising in growing niche transportation
markets such as Heathrow airport. We will work on integrating OFJ with our
existing businesses with a view to increasing profitablity."

Enquiries:

Tellings Golden Miller

Stephen Telling

Tel: [phone]

Nominated Adviser

City Financial Associates Limited

Tony Rawlinson

Tel [phone]



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