WHY White Young

RNS Number:0165C
White Young Green PLC
14 August 2007


For Immediate Release                                            14 August 2007





                         White Young Green Plc ("WYG")



              Acquisition of Management Consultants Group Limited





White Young Green ("WYG") consultant to the built, natural and social
environment, today announces the acquisition of the entire issued share capital
of Management Consultants Group Limited (MCG), the holding company of
International Management Consultants Limited trading as IMCL, for an initial
consideration of #1,600,000.



From its UK base in Andover, Hampshire, IMCL provides international financial
management consultancy services to governments and public bodies in third world
and transitional countries.  Although much donor aid to these countries is for
budget support and infrastructure projects, a significant and growing proportion
is spent on governance issues to ensure that well-trained people and effective
systems are in place for the efficient application of funding.  IMCL provides
high level diagnostic studies and reform programme designs, advice on public
financial management and monitoring, advice on and project management of public
financial management reform projects and IT systems, and training in financial
management, reporting and auditing.



For the year ended 31 March 2007, the revenue of MCG, as extracted from the
financial statements of MCG and IMCL, was #1,679,548.  Profit before tax for
that year was #214,477 after charging non-recurring items which amounted to
approximately #42,000.  The gross assets at 31 March 2007 were #712,647 and net
assets were #426,732 comprising fixed assets of #5,464, current assets of
#707,183, and current liabilities of #285,915.



The consideration payable by WYG was #1,600,000 being #800,000 in cash and
#800,000 satisfied by the issue of 179,776 ordinary shares ("the Consideration
Shares") in WYG.  Application will be made for the admission of these
Consideration Shares to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's market for listed securities.  In
addition, further consideration (payable in ordinary shares and/or loan notes at
WYG's option) of up to a maximum of #400,000 is due if certain performance
criteria are met in the first year of trading under WYG's ownership.



All transferring directors of IMCL have signed contracts of employment with the
WYG Group.



Lawrie Haynes, Chief Executive commented:

"IMCL's established reputation, together with White Young Green's expertise in
major project management, should enable the combined group to better exploit the
burgeoning niche market in which IMCL operates as well as allow White Young
Green International to broaden the range of donor aid projects in which it
participates".



For further information contact:


WHITE YOUNG GREEN PLC                                      Tel:  (0113) 2787111
Lawrie Haynes, Chief Executive Officer
Bob Hartley, Finance Director

BUCHANAN COMMUNICATIONS                                    Tel: (020) 7466 5000
Tim Anderson/Lisa Baderoon/Rebecca Skye Dietrich




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

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