Share price: 104.00p

INSIGHT ACQUISITION

25th November 2006

Cello extends its research and data capabilities

Insight Medical Research Limited (‘Insight’), a subsidiary of Cello Group plc (‘Cello’), the marketing services group, has acquired the business and assets of Field Management Limited (‘FML’), a data collection and market research agency for a total maximum consideration of £865,000 in a mixture of cash and new ordinary shares. FML conduct focus groups, face-to-face and on line/web interviews across a broad range of market sectors.

The initial consideration consists of up to £540,000 of which up to £200,000 will be paid in cash and the balance satisfied by the issue of 287,892 new ordinary shares. In addition, there are further performance related payments in respect of the period to 31 December 2008 of up to £325,000, payable £100,000 in cash and the balance in new ordinary shares.

Application has been made to the London Stock Exchange for the new shares to be admitted to AIM and it is expected that admission will take place by 30 November 2005.

 

Contact Us

Dianna Hillier

Dianna.Hillier@cellohealth.com

Phone 020 7812 8468

Address

Cello Health plc

Queens House

8-9 Queen Street

London

EC4N 1SP

Registered Office

Queens House

8-9 Queen Street

London

EC4N 1SP

Company Registered

in England no.05120150