MBE MWB

RNS Number:0363C
MWB Business Exchange Plc
14 August 2007

FOR IMMEDIATE RELEASE

14th AUGUST 2007



MWB BUSINESS EXCHANGE LAUNCHES FOUR NEW CENTRES UNDER LOW-RISK OPERATING AND
MANAGEMENT AGREEMENTS



MWB Business Exchange Plc ("Business Exchange" or "the Company"), the AIM-listed
second largest provider of contemporary flexible offices in the UK, today
announces that it has signed four key Operating and Management Agreements 
("OMAs") as part of its stated strategy to balance the Company's risk profile.



The new centres are in Newcastle, Manchester and two in the City of London.



These latest agreements also reflect Business Exchange's objectives of expanding
both its premier five-star serviced office brand into key regional markets and
its low cost alternative, City Executive Centres, into the important Central
London market.



As a result of these new OMAs Business Exchange will operate a total of 58
centres providing more than 15,500 workstations. Of the total approximately
one-third, 19 centres, are operated under OMAs.



It is also anticipated that, once fully established, the new centres will
generate approximately #450,000 a year in management fees and profit share
without the Company investing substantial amounts in capital expenditure or
assuming the liability of conventional leases.



John Spencer, Business Exchange CEO, said: "These new centres reflect our
strategy of expanding through low-risk OMAs where there is no liability for
either Capex or long term conventional lease liabilities.



"Also, in the case of Newcastle and Manchester, it enables us to expand into two
key regional markets, which has been a priority for some time. Additionally, the
new City centres allow us to offer a lower cost alternative to the more
traditional five-star centre through our CEC brand."



In Newcastle Business Exchange has signed a 10-year OMA on a 31,000 sq ft
building that forms part of a newly developed business park only 10 minutes from
the city centre, five minutes to the A1 and only 12 minutes from Newcastle
Airport.



The centre will provide 385 workstations as well as meeting and conference room
accommodation for up to 30 people when it opens in October 2007 following a
#1.7m fit out by Grantax Developments, which also developed the business park.



While in Manchester the Company has signed an OMA on 22,000 sq ft of prime
office space at 61-67 King Street, in the heart of the city's vibrant retail and
business district, with AWG Property Limited ("AWG"). The OMA will run for
approximately 12 years, expiring at the end of March 2019, and once AWG's high
quality fit out is completed next month there will be 243 workstations and eight
meeting and conference rooms.



Meanwhile, in the City of London Business Exchange has opened two new centres
under its City Executive Centres brand following the signing of a 10-year OMA
with the Merchant Taylors Company, owners of two buildings on Threadneedle
Street, EC2, and Finch Lane, EC3. The buildings provide a further 18,000 sq ft
of space and an additional 182 workstations.

                                     Ends.

Contact:

     MWB Business Exchange Plc.                               Tel: 020 7706 2121
     John Spencer, Chief Executive, or, Keval Pankhania, FD

     Baron Phillips Associates.                               Tel: 020 7920 3161
     Baron Phillips                                                 07050 124119
     
     KBC Peel Hunt                                            Tel: 020 7488 8900
     Capel Irwin


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

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