PKW Parkwood Hldgs.

    PARKWOOD HOLDINGS PLC                             

("Parkwood" or "the Group")

   ACQUISITION OF COBLANDS WHOLESALE LIMITED AND COBLANDS BROADWATER PLANTS    
                                    LIMITED                                    

Parkwood is pleased to announce that on 2nd September it completed the
acquisition of the entire issued share capital of Coblands Wholesale Limited
and Coblands Broadwater Plants Limited (the "Acquisition'' or "Coblands"),
companies whose activities are in the Horticulture marketplace. Coblands has a
nursery which grows and also purchases plants for sale to wholesalers,
landscapers and other trade customers. The business has five sites involved in
production and growing-on of plants, with its main site and head office based
in Tonbridge, Kent and four plant "Cash and Carry" centres for trade buyers
around the M25.

The consideration payable under the share purchase agreement is �25,000 payable
in cash upon completion of the Acquisition. The gross assets disclosed in the
Coblands draft financial statements at 30 September 2004 were �4,618,000 with a
loss before tax for that year of �427,000.

The Acquisition achieves Parkwood's strategic objective of diversifying the
Glendale business into the Horticulture market and brings with it a number of
opportunities for the Group. Coblands offers horticultural expertise and
synergies in tree, shrub and plant product production relevant to the rest of
the Group's Glendale business and will form a platform for the development of
further plant centres. The directors expect the business to generate
approximately �4 million of turnover in its first year within the Group.

The directors of the Group ("the Directors") estimate that Coblands will report
a consolidated trading loss of �350,000 in the 11 months to 31st August 2005
(prior to acquisition) and that, after fair value adjustments, the acquisition
will result in a small amount of goodwill.

The Directors believe that Coblands will incur limited losses during the
remaining four months of the Group's current financial year. Investment and
reorganisation will be required to ensure that Coblands achieves profitability
in 2006.

For further information please contact:

Parkwood Holdings plc

Tony Hewitt, Chairman 01772 627111

Charles Bithell, Finance Director 01772 627111 / 07717 630531

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 being expanded into related
    "green" businesses such as golf management, organic waste recycling and
    horticulture, further enhancing our proposition: "Think Green - Think
    Glendale".
   
  * 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 associate and JVs and management of
    other funds such as the lifecycle funds associated with the project
    agreements.
   


END

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