BUC Built Cybernetics Plc

RNS Number:7507T
Buckland Group PLC
26 March 2007


                               BUCKLAND GROUP PLC

                         ("Buckland" or the "Company")

  Statement Re: Intended Acquisition, Fund Raising and New Board Appointment.

Buckland announces that Patrick Rogers has been relieved of his duties as
executive chairman following the loss of confidence in his management of the
company by a majority of the directors. Philip Palmer is currently acting as
Executive Chairman of the Company.

Buckland also announces it is proposing to acquire a company, based in Thailand,
that manufactures and distributes spark ignition electrodes. The Company
envisages that the consideration for the acquisition will be satisfied entirely
by the issue of new Buckland ordinary shares.

In connection with and conditional upon the proposed acquisition, Buckland is
also intending to raise approximately #350,000 by way of a placing of new
Buckland shares and to strengthen the Company's balance sheet through the
conversion into new Buckland shares of certain debts owed by the Company. This
conversion will be subject to a fairness opinion pursuant to paragraph 13 of the
AIM rules for companies as Lee Sharples, a director of the company, is intending
to convert debts owed to him into equity.

Upon completion of the proposals it is anticipated that Patrick Rogers will
resign as a director and if he fails to do so an EGM will be called by certain
shareholders to remove him as a director. Christopher K. Foster will be
appointed to the board.

The Board is confident of reaching agreement on the several proposals outlined
above within the next month and will make further announcements in due course.

For further enquiries:

Philip Palmer
Director
07908 864 8738

John Depasquale
Seymour Pierce
0207107 8000

Kris McGuire
Investrad Ltd
0207 953 4063



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

END
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