CTN Clearstream

RNS Number:3208V
Reliance Security Group PLC
6 December 2000

STRATEGIC INVESTMENT IN CHESTERTON INTERNATIONAL PLC


Reliance Security Group PLC ("Reliance") announces that it has acquired
13,644,001 ordinary shares a (representing 16.1% of the issued share capital
shareholding) (13,644,001 ordinary shares) in Chesterton International PLC
("Chesterton"), the international property advisory and facilities management
group. The shares were acquired for a cash consideration of #4.9 million.
Following this acquisition, Reliance and its connected persons hold 14,099,001
shares in total, representing 16.7 % of the issued share capital of
Chesterton.


Chesterton is a leading international provider of property related services,
including commercial and residential property management, consulting and
facilities management. For the year ended 30 June 2000, Chesterton reported
profit before taxation of #5.0 million on consolidated turnover of #142.1
million. As at 30 June 2000, Chesterton consolidated net assets were #6.5
million.


Reliance is a market leading provider of contract security, electronic
surveillance, facilities management and business process outsourcing services
to a wide range of customers from offices throughout the UK. For the year
ended 28 April 2000, Reliance reported a profit before taxation of #8.5
million on consolidated turnover of #152.9 million. As at 28 April 2000,
Reliance consolidated net assets were #18.9 million.


Enquiries


Geoff Haslehurst Group Finance Director 01895 205 000.

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