JLF.L Regulatory News (JLF)

19 May 2005 14:15

Jelf Group PLC19 May 2005 Date: 19th May 2005 On behalf of: Jelf Group plc ("Jelf" or "the Company") For immediate release Jelf Group plc Clarification re Acquisition Further to the statement issued by Jelf Group plc, an established corporateintermediary, at 0700hrs today, the Company wishes to clarify that it has todayacquired the South West operations of RK Harrison Insurance ("RKH"), which arebased in Taunton, together with the recruitment of its successful insurance teamof seven people. It did not acquire any other part of the RKH group. Theoperations acquired by Jelf today are being rebranded and will trade under theJelf Group name with immediate effect. Jelf Group is based in the West Country and Wales and offers a range ofcorporate services principally in the areas of commercial insurance, healthcare,employee benefits and financial planning. Full information on the acquisition is contained in the announcement madeearlier today. - ends - For further information: Emma Kane/Sanna Lehtinen Tel: 020 7955 1410 Redleaf Communications Mob: 07876 338339 Notes to Editors: • Jelf Group was founded by Chris Jelf in 1989. Today, the Jelf Groupoperates from a number of premises in the West Country and Wales and offers anextensive range of corporate services; • The Group advises over 4,000 corporate clients across a range ofdisciplines. These clients cover the spectrum from significant public companiesto small owner managed businesses. Core Jelf clients are medium sizedowner-managed businesses, typically employing between one to 50 staff, with aturnover of up to £10 million; • The Group has developed a corporate support infrastructure that hasenabled it to make a number of acquisitions over the last four years. Theseacquisitions span all core areas of the Group's business and have been made toeither supplement existing operations or acquire a corporate client base thatcan be utilised by the enlarged Group. The significant acquisitions were asfollows: o 2000 - IFM - IFA based in Bristol - relocated to Yate, Bristol; o 2001 - Corporate Healthcare Management - Healthcare partnership; o 2002 - Spring Gate Insurance - Purchase of a book of commercial insurance; o 2003 - Richard Levinge Associates - IFA business based in Cheltenham; o 2003 - SLF Insurance (Services) Ltd - Purchase of a book of commercial insurance; o 2003 - Kallender Walwyn Ltd - Purchase of commercial insurance business based in Trowbridge; and o 2003 - Pontin and Stein - Corporate Healthcare partnership. o 2004 - Managed Healthcare Ltd - acquisition of independent Somerset based brokerage specialising in healthcare and private medical insurance o 2005 - Arnold Wills - acquisition of independent financial advisor based in Somerset • Further information is available on Jelf at the Company's website: www.jelfgroup.com. This information is provided by RNS The company news service from the London Stock Exchange