CFT Chieftain Grp

RNS Number:2651S
Chieftain Group PLC
05 March 2007

5 March 2007                 For immediate release



                              Chieftain Group plc
                       Acquisition of Kevin Lloyd Limited


Chieftain Group plc ("Chieftain"), the Tyneside-based industrial services group,
is pleased to announce that it has acquired the entire share capital of Kevin
Lloyd Limited ("the acquisition"), based in Middlesbrough. The acquisition
offers significant synergies with Chieftain's existing operations in the North
East of England and further bolsters the Group's commitment to its industrial
services customer base on Teesside.

Kevin Lloyd Limited, which currently employs five full-time managers and 65
operatives, has two main streams of activity, Steel Fabrication and Engineering
Services. The business serves the process industries on Teesside with customers
including Corus and Seal Sands Chemicals. The acquisition will be integrated
with Chieftain's Engineering Services and Fabrication businesses.

The acquisition is the second in the Teesside region since Chieftain opened for
business on the Tees in February 2005. During this time, the Company has secured
term maintenance contracts with five blue-chip organisations including BASF,
ConocoPhillips, px limited (owner of Teesside Power Station), HydroPolymers and
Huntsman, safeguarding the employment of 430 workers on Teesside. In September
2006, Chieftain announced the acquisition of the trading name, fixed assets,
stocks and work in progress of Bringover Limited of Stockton-on-Tees.


Commenting on the acquisition, Bill Taylor, Chief Executive of Chieftain, said:


"I am delighted to welcome employees of Kevin Lloyd Limited to the Chieftain
Group. Exciting times lie ahead for our business not only in our engineering
services and fabrication operations but also in marine outfitting and manpower
which we believe will be buoyant activities over the next five years. Chieftain
will continue to identify suitable business opportunities in the region that
offer added value for our clients, shareholders and employees".


Kevin Lloyd, founder of Kevin Lloyd Limited, commented:


"As soon as we became aware of the Chieftain Group's commitment to Teesside, it
was obvious that there was a very good fit between our two businesses. Being
part of the successful Chieftain Group is good news for all staff and operatives
as well as our valued client base in the region".


For further information, please contact:

Buchanan Communications                             01943 883990
Eric Burns                                          07910 900950




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            The company news service from the London Stock Exchange
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