VTY Vistry Group Plc

    


Bovis Homes Group PLC



Bovis Homes Group PLC

12 October 2007

Bovis Homes Group PLC acquires Elite Homes Group Limited

Bovis Homes Group PLC has today acquired Elite Homes Group Limited from its
existing directors and related trusts for a cash consideration of �25.7 million,
plus assumption of �46.2 million of net debt.

Elite Homes Group Limited is a homebuilder based in the north of England, with
operations across the North West and Yorkshire. For the year ended 31st October
2006 its turnover was �58.4 million, its profit before tax was �6.4 million and
its gross assets were �55.0 million.

Bovis Homes Group Chief Executive, Malcolm Harris commented:

"This acquisition represents a good opportunity for Bovis Homes to consolidate
its presence in the north of England, developing its position in this important
market as part of its longer term regional expansion plans. This improves Bovis
Homes' land holdings in the North by over 800 consented plots plus immediate
opportunities to convert strategic land, and supports delivery of its existing
growth plans in this region."

Enquiries:          Malcolm Harris, Chief Executive/
                    Neil Cooper, Finance Director
                    Bovis Homes Group Plc
                    Tel: 01474 876200

                    Emily Bruning
                    Shared Value Limited
                    Tel: 0207 321 5027

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