Completion of Acquisition

22 December 2010

CRESTON PLC

("Creston" or the "Company")

COMPLETION OF ACQUISITION OF THE COONEY/WATERS BUSINESSES

Further to the announcement made on 15 December 2010 that the resolution to approve the acquisition of the Cooney/Waters Businesses was duly passed at the General Meeting held yesterday, the Board of Creston is pleased to announce that it has today completed the acquisition of the Cooney/Waters Businesses.

Enquiries:

Creston plc Tel: +44 (0) 20 7930 9757

Don Elgie, CEO

Barrie Brien, COO/CFO

Sarah Macleod, Communications Director

www.creston.com

Investec Tel: +44 (0) 20 7597 5120

James Grace

David Flin

Carlton Nelson

Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the circular sent by the Company to Shareholders dated 30 November 2010 unless the context requires otherwise.

Investec, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Creston and no one else in connection with the Acquisition and this announcement and will not be responsible to anyone other than Creston for providing the protections afforded to clients of Investec nor for providing advice in connection with the Acquisition or this announcement or any matter referred to herein.