Ls -3x Avgo Regulatory News (SAVG)

29 October 2010

Savile Group plc ('Savile') or ("the Group")

SAVILE GROUP PLC ACQUIRES 7DAYS LIMITED

Savile is pleased to announce that it has agreed to acquire the whole of the issued share capital of 7days Limited ("7days"). The services of 7days include advice on restructuring, cost reduction, strategy implementation, leadership & talent development, and culture change.

 7days is based in London. Current and recent clients include:- BBC, BT, Whitbread, Guardian News and Media, The John Lewis Partnership, The National Trust and Virgin Media. 7days has seven employees and is headed up by Louise Palmer, co -founder and CEO. The team at 7days have strong reputations and strengths in the Organisational Development and Change field.

 The acquisition of 7days reflects Savile's commitment to enhance its existing position in the Talent Management and Boardroom Services fields. This acquisition will complement the existing brands and further strengthen existing relationships in major FTSE Boardrooms as well as bringing new relationships and clients into the Group.

Terms of the acquisition

 The acquisition has been satisfied by the payment of £1.29m in cash, and the issue of in total 1.4 million Ordinary shares of Savile to Louise Palmer. 500,000 Ordinary shares have been issued on completion, and a further 450,000 Ordinary shares will be issued on each of the first and second anniversaries of the acquisition. In its last financial year to 31 May 2010, 7days made approximately £330,000 pre tax profit before exceptional items, on gross fee income of £2.2million. Net assets at 31 May 2010 were £56,000.

It is intended that Louise Palmer will join the Board of Savile.

Jonathan Cohen, Chairman of Savile commented: 'I am delighted that 7days is joining the Group. In a period of considerable economic change in both the private and public sectors, their expertise is highly relevant to many of our existing and potential clients. There is also a very natural link to our Board services expertise in IDDAS, as well as to Cedar Talent Management's business and the career management and outplacement work of Fairplace. The acquisition will give the Group a more balanced revenue base, with less dependency on the more cyclical outplacement revenues.

Louise Palmer said: "I'm delighted that 7days is to become part of the Savile. Savile is perfectly placed to become a leader in this growing specialist area. 7days will add significant expertise in key services of organisation design, restructuring, cost efficiency and performance improvement as well as impressive client credentials and financial performance. I am looking forward to contributing to a strong future of growth in the Group."

Application will be made for admission of the 500,000 new shares to trading on AIM and admission is expected on 4 November 2010.

 Following the issue of the new shares, the total enlarged issued share capital of the Company will be 14,941,822. The Company holds no shares in treasury. Therefore, following the Acquisition, the total number of voting rights in the Company will be 14,941,822. The above figure may be used by shareholders in determining whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

Enquiries

Savile Group plc 020 7204 6990

Jonathan Cohen, Chairman

Mark Sidlin, CFO

FinnCap 020 7600 1658

Geoff Nash

Ed Frisby

Tom Jenkins (broking)