Completion of acquisition

RNS Number:2271H
Myhome International PLC
07 November 2007

For immediate release
                                7 November 2007

                            Myhome International plc
                          ("Myhome" or the "Company")

                  Completion of acquisition of ChipsAway Group

On 11 October 2007, the Company announced the acquisition of Edwin Investments
Limited (the 'Acquisition') and a placing of 9,358,000 new ordinary shares (the
'Placing Shares') at 72 pence per share (the 'Placing').

The Board is pleased to announce that the Acquisition has completed today. This
follows the admission of the 2,430,500 Placing Shares to trading on AIM at 8.00
a.m. on Tuesday 6 November 2007 and the admission of 6,927,500 Placing Shares
and 3,500,000 new ordinary shares to trading on AIM at 8.00 a.m. today.

Following admission of the Placing Shares there are 63,546,020 ordinary 5 pence
Myhome shares in issue.

Commenting on the Acquisition, Russell O'Connell, Executive Chairman of Myhome,
said:

"I am delighted to welcome the ChipsAway management and franchisees to the
Myhome group. After this acquisition, the Enlarged Group will have over 800
franchisees, a combined network turnover in excess of #80.0 million, over 1,000
vans in use and franchisees in 14 countries, making Myhome one of the biggest
franchisors in the United Kingdom. I believe the Enlarged Group now has all the
necessary infrastructure, personnel and brands in place to accelerate the
development and growth of the Group's proven franchise concepts. "

Roger Wild, of ChipsAway Group, said: "The ChipsAway management team is
delighted to be joining the Myhome group following 4 years of growth in the
ChipsAway Group business. We look forward to working with Myhome in creating one
of the United Kingdom's biggest franchisors with potential for strong growth
over the coming years."


Myhome International plc                01372 471 573
Russell O'Connell
Jonathan Jenkins

Noble & Company Limited                 020 7763 2200
Nick Naylor
Alastair Maclachlan

Bishopsgate Communications Ltd          020 7562 3350
Maxine Barnes
Nick Rome

NOTES TO EDITORS

INFORMATION ON CHIPSAWAY GROUP

ChipsAway Group is a leading franchise operator in the UK automotive services
industry, the fastest growing franchising sector in the United Kingdom. It is
operated by an experienced management team, which will remain in place following
the Acquisition, and has a track record of being a cash generative and
profitable business. ChipsAway Group is based in Kidderminster and it currently
operates two brands, totalling over 400 franchisees.

The two brands are:

ChipsAway

ChipsAway is an automotive repair business for minor interior and exterior
automotive defects to paintwork, dents or trim, known as SMART Repair. ChipsAway
franchise territories are sold to franchisees for a one off fee starting at
#22,500 exclusive of VAT. As at 31 July 2007 ChipsAway had a total of 376 active
franchisees in 13 countries: UK, Denmark, Germany, Sweden, Ireland, Austria,
Greece, Spain, Portugal, South Africa, Russia, the Netherlands and Ukraine. The
repair system was originally developed in the US and ChipsAway Group has been
granted an exclusive, perpetual, irrevocable licence to use the intellectual
property rights of the ChipsAway business in all countries outside of USA and
Canada.

The ChipsAway Group acquired ChipsAway International Limited, the operator of
the ChipsAway business in September 2003 in a buy in and management buy out
backed by Barclays Ventures, headed up by Chairman Roger Wild and Managing
Director Steve Bignell.

A Proactel survey in 2005 identified that 62 per cent. of the 30 million
vehicles in the United Kingdom required SMART Repair and 81 per cent. of car
owners would be interested in the service. The Directors believe that ChipsAway
is already the largest SMART Repair operator in the United Kingdom, covering
approximately 3 per cent. of the estimated market place. As such, the Directors
believe there is significant potential to continue expanding the customer base
beyond its current level. For example, ChipsAway Group has an agreement with
the AA to assist in growing the customer base.

Professional Car Cleaning

Professional Car Cleaning is an automotive valeting franchise business with 28
franchisees launched in January 2006.

FURTHER INFORMATION ON THE ACQUISITION

The Board believes that the acquisition of ChipsAway Group will provide the
following benefits to the enlarged group:
     
-    the highly experienced franchise management team and established 
     infrastructure of the ChipsAway Group will remain in place after the 
     Acquisition providing a platform for further growth in the ChipsAway Group;

-    the core franchising infrastructure and systems of Myhome will be installed 
     within the ChipsAway Group and will, in the future, allow centrally    
     managed initiatives, such as cross-selling, referral programmes and loyalty
     schemes;

-    the Company expects to make some synergistic gains across its current
     portfolio of franchise brands:

-    Autosheen will benefit from ChipsAway Group's franchise recruitment 
     facility and larger network of operators, both domestically and 
     internationally;

-    Professional Car Cleaning is expected to benefit from the national 
     contracts that Autosheen already has in place;

-    ChipsAway Group will benefit from the non-technical training systems that 
     Myhome currently operates for all of its brands at the Franchise Academy in
     Glasgow; and

-    ChipsAway Group's customer database will be added to the Myhome Group
     database and therefore will be included in the Group's central 
     cross-selling, referral programmes and loyalty schemes as they are 
     launched, as well as marketing via www.myhome.com.


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