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Sanderson Announces Third Acquisition

Sanderson Group plc: Third Acquisition Since Flotation

Sanderson Group plc (“Sanderson” or the “Group”), the provider of software and IT services to UK commercial markets has agreed to purchase the trade and IPR of the Elucid business unit from K3 Business Technology Group plc, for consideration of £1.362m in cash of which £250,000 will be deferred until 30 April 2007.

The Elucid business unit develops and markets software for use in multi-channel markets, and in the year to 31 December 2006 generated an unaudited adjusted operating profit of around £200,000 on unaudited turnover of approximately £2m. At 31 December 2006, the Elucid business had no material assets.

The business is expected to be earnings neutral in the current financial year, and earnings enhancing in the first full year of ownership.

Christopher Winn, Chairman of Sanderson Group plc commented:

“This acquisition complements our existing multi-channel businesses and will form an integral part of our ongoing development in this market area”.

Enquiries:
Sanderson – Christopher Winn, Chairman
024 7655 5466
Sanderson – Adrian Frost, Finance Director
024 7655 5466

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