RNS Number:2833S
Hot Group PLC
20 November 2003


Embargoed for release at 0700


20 November 2003

                                 hot group plc
                         ("hot group" or the "Company")

                   Acquisition of Jobsin.co.uk plc ("Jobsin")

hot group, the AIM listed recruitment specialist, announces that yesterday, 19
November 2003, the Company completed the acquisition of the entire issued share
capital of Jobsin.co.uk plc, an internet based recruitment company.
("Acquisition").

Jobsin is a specialist online recruitment network made up of niche websites.
Jobsin owns over 500 website domains covering both regions and sectors which are
serviced via its central platform www.jobsin.co.uk. The company's core areas of
specialisation are health, construction, education and accountancy.

The Acquisition continues the Company's strategy of growing its business by
acquiring selective online and traditional recruitment businesses, with a view
to becoming a leading supplier of recruitment services within the UK.

The aggregate consideration payable in respect of the Acquisition of #400,000 is
to be satisfied by the issue of 1,975,308 new ordinary shares of 10p each in hot
group ("New Ordinary Shares").

For the year ended 28 February 2003, Jobsin recorded turnover of #541,511, a
loss before taxation of #176,708 and as at 28 February 2003 had net assets of
#95,028.

hot group's Chairman and CEO Tony Reeves said: "This is yet another exciting
step forward in the development of the online division of the group. We are
currently the UK's fifth largest supplier of online recruitment services and
this acquisition will put us firmly in to the top three by 2004.

Jobsin has an excellent reputation in its areas of speciality and this
acquisition will not only support the group's traditional recruitment business
but also allow the online division to break in to completely new sectors with
leading specialist sites. In addition it will provide us with a platform from
which to drive the business in to other niche sectors of the marketplace."

Jobsin's Chairman Bob Morton said "Jobsin has made significant progress to date,
but the management now feel its future can be best supported and enhanced by hot
group. hot group is a dynamic company with a visionary strategy, and we believe
it will play a major role in shaping the recruitment industry of the future".

Application will be made to the London Stock Exchange for admission of the New
Ordinary Shares to trading on AIM. It is expected that dealings in the New
Ordinary Shares will commence on 26 November 2003.

Enquiries:

Tony Reeves
Chairman and Chief Executive Officer
Tel: (0870) 202 0121

Steve Wright
Finance Director
Tel: (0870) 202 0121

Simon Raggett /Angela Peace
Strand Partners Limited
Tel: 020 7409 3494

Hugo de Salis/Isabel Crossley
St Brides Media & Finance Ltd
Tel: 020 7242 4477




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

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