RNS Number:1642B
Hercules Property Services PLC
23 July 2004


23rd July 04


                         Hercules Property Services PLC

                Hercules acquires Berkeley Simmons Davis Limited


Hercules Property Services Plc ("Hercules" or "the Company"), the specialist
property services provider, announces that it has strengthened its agency
offering with the acquisition of Berkeley Simmons Davis Limited ("BSD"), a
London based property agency specialising in the leisure sector.


The maximum consideration for the acquisition is #1,000,000, subject to
performance targets being met over a three year period.  The initial
consideration of #130,000 is satisfied by #100,000 in shares and the balance in
cash. Hercules will issue 36,180 new ordinary shares at 276.4p to satisfy the
proportion of the initial consideration, which is payable in shares.


Application has been made to the UK Listing Authority and the London Stock
Exchange for admission to (i) the Official List and (ii) to trading on the
London Stock Exchange's markets for listed securities in respect of 36,180
ordinary shares of 5p each ("New Ordinary Shares").


The New Ordinary Shares, which will rank pari passu in all respects with the
existing ordinary shares in issue, are being issued as part of the initial
consideration in connection with the acquisition of Berkeley Simmons Davis Ltd
and that dealings in the New Ordinary Shares will commence on 28 July 2004.


Robert Plumb, Managing Director of Hercules, commented:

"BSD will be integrated into Dunlop Heywood Lorenz, which is an important and
successful part of the Group.  The acquisition of BSD will strengthen its
offerings and provides us with an entry to, and experience in, the important and
fast-growing leisure sector.


" We expect to announce preliminary results for the year ended 30 June 2004 in
September.  These will be in line with market expectations and I remain
optimistic about the Group's future earnings growth."


For further information:

Robert Plumb, Hercules Property Services plc:                   020 8420 7600
Richard Sunderland/ Tim McCall, mj2 ltd:                        020 7491 7776



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

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