INP Inspicio

RNS Number:1419C
Inspicio plc
28 April 2006


28 April 2006


                   Inspicio plc ("Inspicio" or "the Company")


                        Acquisition of Majority Interest


Inspicio plc (INP.L), the international inspection and testing business and
owner of Inspectorate Group, is pleased to announce the acquisition of a
majority 51% stake in its current agent in Libya, Acacus Inspection
International Limited, for a consideration of approximately $510,000 in cash.
The acquisition of Acacus is further evidence of the Company's stated strategy
of increasing its global presence by infill acquisitions, particularly in
developing markets.


Acacus Inspection International Limited is a Maltese registered company and was
incorporated in December 2000 by its sole shareholder, Arnold van Dongen. Mr van
Dongen will remain with the Company after the acquisition in order to further
develop the Libyan business.


Libya is a fully recognised member of OPEC and exports significant quantities of
crude oil, refined products and natural gas. The value of petroleum exports
alone is in excess of $18billion. Together with proven crude oil (39.1billion
barrels) and natural gas (1.5billion cubic metres) reserves, this makes Libya a
key development market for the growth of the Company.*


With the lifting of the American and European embargoes, the multinational oil
companies are becoming increasingly active in the Libyan market and are
investing significant capital to increase crude production. As one of only three
global inspection companies to be fully approved by the National Oil Company
(NOC) in Libya, Inspectorate is ideally placed to take advantage of this growth.


Mark Silver, Chief Executive of Inspicio plc said:


"We have worked closely and successfully with Arnold for a number of years and
this is a logical progression for both parties in this now rapidly growing
market. This exciting acquisition continues our stated policy of growing our
global reach."

                                    - Ends -


For further information, call:

Mark Silver, Chief Executive Officer, Inspicio plc                 020 7782 8509
Jonathon Brill/Billy Clegg/Edward Westropp, Financial Dynamics     020 7831 3113


* Source: OPEC



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

END
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