CMP Champion

RNS Number:4139S
Champion PLC
06 March 2007

                                  Champion Plc

                                  Acquisition


The Board of Champion plc ("the Company") announces the acquisition of the
business and certain assets of Stokes Dickinson, an accountancy practice based
in Preston.

The consideration is #300,000 (subject to any adjustment arising from the
preparation of completion accounts) which will be settled by the issue of shares
in Champion Stokes Limited ("Champion Stokes"), a company established for the
purposes of the transaction   Following the transaction, the Company will have
an effective interest in approximately 43.4% of the issued share capital of
Champion Stokes.

Stokes Dickinson's turnover for the year ended 31 July 2005 was #310,473 and
profits before tax were #95,027.  The net asset value of the assets being
acquired as at 31 July 2005 was #72,290.

The acquired office will be merged with the existing Champion office in Preston,
increasing the annual turnover of this office to approximately #800,000. The
acquisition will enable the Company to grow by offering its value added service
lines to the new client base.

John Stokes, an existing partner of Stokes Dickinson, will become a director of
Champion Stokes Limited and will enter into a service agreement.


For further information, please contact:

Ged Cosgrove                   Champion Plc                   Tel: 0161 703 2500

David Youngman                 WH Ireland Limited             Tel: 0161 832 2174



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

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