CINCINNATI, May 3 /PRNewswire-FirstCall/ -- Wolseley plc, the world's largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials, announced today three further acquisitions for an aggregate consideration of 49 million pounds Sterling. In a full year, these acquisitions are expected to add approximately 82 million pounds in additional revenue. Since the beginning of the financial year on August 1, 2005, a total of 42 businesses in Europe and North America have been acquired for an aggregate consideration of approximately 714 million pounds. These 42 acquisitions are expected to add approximately 1,171 million pounds to Group revenue in a full year. Goodwill and intangible assets related to these acquisitions is estimated to be around 464 million pounds. These totals do not include the recommended offer for Brandon Hire plc which was announced on March 28, 2006. North America On May 2, 2006, Stock Building Supply ("Stock") acquired the Efficient Electric, United Electric, United Plumbing and D.S.I., Inc. companies ("Efficient") from Steve Menzies. Efficient Electric and United Electric are installers of electrical services for residential projects in the Las Vegas market; United Plumbing is an installer of plumbing services in the Las Vegas market; and D.S.I., Inc. is an electrical supply house that provides electrical products to electrical installers. The activities complement Stock's turnkey framing construction services in the Las Vegas market. In the year ended December 31, 2005 Efficient had revenue of $94.1 million (53.3 million pounds) and gross assets of $22.2 million (12.5 million pounds) at that date. On April 27, 2006, Ferguson acquired the Davies Water Equipment Company ("Davies") from Gregory Strayer, Greg Huth and Brad Scholl. Davies is a waterworks distributor with three locations in Wisconsin. In the year ended December 31, 2005 Davies had revenue of $49.3 million (27.9 million pounds) and gross assets of $13.2 million (7.5 million pounds) at that date. Europe On May 2, 2006, PBM acquired the trade and assets of the Chelles generalist builders merchant from Borghetto Materiaux which operates under the trademark "BigMat". In 2005 the Chelles branch had revenue of 0.6 million euros (0.4 million pounds) and gross assets of 0.1 million euros (0.1 million pounds). The divisional split of the total acquisition spend since August 1, 2005 is: No. of Spend Division Acquisitions Million Pounds Europe 17 308 North America 25 406 TOTAL 42 714 Charlie Banks, Group Chief Executive of Wolseley said: "We are delighted to announce these new acquisitions which support our strategy of sector and geographic expansion. Davies takes us for the first time into the waterworks sector in Wisconsin while Efficient positions us to provide turnkey electrical and plumbing installation services to the US high- volume production building industry in the Las Vegas market." Exchange Rates The following exchange rate has been used for the acquisition noted above: 1 pound = $1.85, 1 pound = 1.45 euros Certain statements included in this announcement may be forward-looking and may involve risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations including, without limitation, discussions of the Company's business and financial plans, expected future revenues and expenditures, investments and disposals, risks associated with changes in economic conditions, the strength of the plumbing and heating and building materials market in North America and Europe, fluctuations in product prices and changes in exchange and interest rates. All forward-looking statements in this respect are based upon information known to the Company on the date of this announcement. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. It is not reasonably possible to itemize all of the many factors and events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of the Company. About Wolseley plc Wolseley plc is the world's largest specialist trade distributor of plumbing and heating products and a leading supplier of building materials to professional contractors in North America, the UK and Continental Europe. Group revenues for the year ended July 31, 2005 were approximately 11.3 billion pounds and operating profit, before amortization of acquired intangibles, was 708 million pounds. Wolseley has more than 65,000 employees operating in 14 countries, namely: UK, USA, France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech Republic, Hungary, Belgium, Luxembourg and Denmark. Wolseley is listed on the London and New York Stock Exchanges (LSE:WOS.L) (NYSE:WOS) and is in the FTSE 100 index of listed companies. DATASOURCE: Wolseley plc CONTACT: Investors-Analysts, Guy Stainer, Head of Investor Relations, 0118 929 8744, or 07739 778187, or John English, Director, Investor Relations, North America, +1-513-771-9000, or +1-513-328-4900, or Media, Penny Studholme, Director of Corporate Communications, 0118 929 8886, or 07860 553834, all of Wolseley plc Web site: http://www.wolseley.com/

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