GYG Gyg Plc

RNS Number:8005J
Gyrus Group PLC
16 March 2005

                                                                   16 March 2005


                                Gyrus Group PLC


            Gyrus acquires Australian Surgical distribution business


Gyrus Group PLC ("Gyrus" or "the Group"), a leading supplier of medical devices
which reduce trauma and complications in surgery, today announces that it has
acquired 100% of the equity of Urology Solutions Pty Limited (to be renamed
Gyrus Australia Pty Limited), the exclusive distributor of the Gyrus's surgical
products in Australia and New Zealand.


Gyrus will pay a total of between AU$1.88 million and AU$2.78 million in cash
depending upon Urology Solutions' performance over the next two years. Urology
Solutions reported sales of AU$2.7 million for the year to 30th June 2004 and
has net assets of approximately AU$0.4 million.


Brian Steer, Executive Chairman of Gyrus, said


"This is the latest in a series of acquisitions that give Gyrus greater control
of its international distribution and sales structure.  By acquiring Urology
Solutions we are better able to meet the needs of our surgeon customers in the
region."


Enquiries:


Gyrus Group PLC

Brian Steer                     Executive Chairman                 01189 219 750
Simon Shaw                      Chief Financial Officer            01189 219 750

Financial Dynamics

Ben Atwell                                                         0207 831 3113
Lucy Briggs                                                        0207 831 3113


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