PKW Parkwood Hldgs.

    PARKWOOD HOLDINGS PLC                             

("Parkwood" or "the Group")

                  ACQUISITION OF ECOLOGICAL SCIENCES LIMITED                   

Parkwood is pleased to announce that on 31st January 2005 it has completed the
acquisition of the entire issued share capital of Ecological Sciences Limited
(the "Acquisition"), a leading specialist in the field of processing and
recycling of organic waste.

The consideration payable under the share purchase agreement is �660,000
payable in cash upon completion plus deferred consideration of �50,000 payable
six months after completion. The net assets disclosed in the last financial
statements at 31 December 2003 were �267,067 with a profit before tax for that
year of �98,000.

The Directors believe that the business will have a limited impact on the
profitability of the Group during the current financial year. However, the
Acquisition will achieve Parkwood's strategic objective in diversifying the
Glendale business into the green waste recycling market. A significant part of
the Ecological Sciences Limited's business is the performance of a green waste
contract which runs to 2010. The Acquisition, together with a green waste
recycling contract with an existing client which has recently been signed, is
expected to bring the total turnover of our new green waste business to �
1.3 million.

For further information please contact:

Parkwood Holdings plc

Charles Bithell, Finance Director 01772 627111

Notes for Editors;

Parkwood Holdings plc specialises in providing outsourced service to the public
sector across England and Wales under long term contracts. Its main areas of
operation are as follows:

  * Glendale - The management of parks and open spaces for a predominantly
    local authority client base. This operation is currently being expanded
    into related "green" businesses under the "Think Green - Think Glendale"
    strapline.
   
  * Parkwood Leisure - The management of a diverse range of leisure facilities,
    again predominantly for local authority clients. This Division is also the
    operator or provider of services under most of the Group's contracts won
    under the PFI/PPP procurement process.
   
  * Parkwood Healthcare - The provision of non emergency patient transport to
    NHS Trusts under the "National Ambulance Service" banner, together with the
    provision of nurses on an agency basis to both NHS Trusts and the private
    sector.
   
  * Parkwood PFI Projects - The provision of PFI, PPP and other similar bids on
    behalf of Joint Ventures and the Group, generating long term operating
    business. This division is also responsible for the project management of
    contracts on behalf of the Group's associates and JVs and management of
    other funds such as the lifecycle funds associated with the project
    agreements.
   


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