AHP Ashcourt Hldgs

RNS Number:0828I
Ashcourt Holdings PLC
02 February 2005

2nd February 2005


                             Ashcourt Holdings plc
                         ("Ashcourt" or the "Company")

          Completes Acquisition of Howells, Rawlings and Ward Limited
                                    ("HR&W")


Further to the announcement made on 7th December 2004, Ashcourt Holdings plc
announces that its subsidiary Ashcourt Investment Advisers Limited ("AIA") has
completed the acquisition of the entire issued share capital of HR&W, an IFA and
financial services provider which offers independent financial advice and
transacts life assurance, pensions and investment business.

The purchase price as at the effective date of 1st February is #206,253, payable
upon completion in cash, with a further amount of deferred consideration related
to gross revenue generated over the next three years, payable in the form of
loan notes issued by AIA.  As part of the transaction, the seller of the shares
in HR&W agreed to subscribe for 312,650 ordinary shares of 2p each in the
capital of the Company (the "New Ordinary Shares").

The New Ordinary Shares will rank pari passu with the existing ordinary shares
of 2p each in the capital of the Company. Application has been made for
admission to trading on AIM of the New Ordinary Shares and dealings are expected
to commence on 7th February 2005.

The total number of ordinary shares of 2p each in the capital of the Company in
issue following this issue is 6.12m.


                                     -Ends-
For further information contact:

Ashcourt Holdings Plc                        Parkgreen Communications

John Morton, Chief Executive Officer         Justine Howarth/Ana Ribeiro
Tel: 01732 520780                            Tel: 020 7493 3713


Notes to Editors

Howells, Rawlings and Ward Limited ("HR&W")

An IFA and financial services provider, HR&W has over 20 years experience in the
financial sector. Founded in 1980 and regulated by the FSA, HR&W provides its
clients with a full range of financial products from personal and company
pensions, to portfolio management as well as financial advice.


Ashcourt Holdings Plc


Ashcourt Holdings Plc is a fund manager and provider of regulated investment and
financial planning services.  It listed on AIM in July 2004 (ticker: AHP").  It
operates through the following wholly owned subsidiaries:


*   Ashcourt Asset Management Limited offers independent discretionary
    and advisory portfolio management services to private clients, businesses 
    and charities.  Regulated by the FSA, it has offices in Brighton, Hitchin, 
    Kings Hill (Kent), London and Winchester.

*   Ashcourt Asset Management Guernsey Limited is a management company
    appointed to manage the Ashcourt Select Portfolio and the Ashcourt Sterling 
    Bond Fund.  It is based in Guernsey and regulated by the Guernsey Financial 
    Services Commission.  It also offers offshore asset management services 
    through its wholly owned subsidiary, Ashcourt Nominees Guernsey Limited.

*   Ashcourt Investment Advisers Limited offers independent pension
    and financial planning advice to both private and corporate clients.  It has
    offices in Kings Hill, London and Winchester and is regulated by the FSA.


The Ashcourt group of companies now employs over 85 people and, through
acquisitions and organic growth, has increased assets under management from
#160m in 2000 to current levels of over #580m.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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