Purchase of Property

28 Sep 2006 10:37

GETECH Group plc28 September 2006 28 September 2006 GETECH GROUP PLC ("GETECH" or "the Company") GETECH PURCHASES NEW OFFICE PREMISES GETECH announces that it has exchanged contracts to purchase the freehold ofpart of Elmete Hall, at Roundhay, North East of Leeds city centre. Completion isanticipated by December 2006. The consideration on completion will be £2.5million. The Company has outgrown its present facilities on the University of Leedscampus and requires quality office space for its continuing expansion. The newfacilities will provide appropriate office accommodation for GETECH's futuregrowth. It is intended that any excess space will be rented out on short-termleases. End For further information, please contact: Buchanan Communications www.buchanan.uk.com Alastair Watson or Kelly-Ann French 01943 883990 alastairw@buchanan.uk.com or kelly-annf@buchanan.uk.com GETECH Group Plc www.getech.com Prof Derek Fairhead (Managing Director) 0113 343 5240 Colin Glass (Finance Director) 07831 258494 jdf@getech.com Notes to Editors Company Background GETECH is a profitable and cash generative oil services business specialising inthe compilation and analysis of gravity and magnetic data and in evaluatingpetroleum systems within basins. GETECH licenses these data sets andinterpretation reports to major oil, gas and mining companies to enable thesecompanies to evaluate regional geology and thereby assist their explorationstrategies. GETECH has compiled one of the most extensive commercial librariesof gravity and magnetic data in the world. GETECH evolved in the mid-1980's from a Research Group headed by Professor DerekFairhead within the Department of Earth Sciences at the University of Leeds(UK). In 2000, GETECH was spun out from the University as a separate company. This information is provided by RNS The company news service from the London Stock Exchange