Acquisition of bodyshop chain, Seward

AIM: NARS

Nationwide Accident Repair Services plc

("Nationwide" or "the Group")

Announces

Acquisition of Seward Accident Repair Centres Limited ("Seward")

Nationwide, the largest dedicated provider of automotive crash repair services in the UK, is pleased to announce that it has completed the acquisition of Seward Accident Repair Centres Limited ("Seward"). The total net cash consideration is £3.8m and will be funded from the Group's own cash and banking resources.

Seward is the tenth largest independent bodyshop chain in the UK and operates from a Head Office in Hampshire with eight bodyshops, together with mobile vehicle repair services, in the areas of Poole, Bournemouth, Southampton, Portsmouth and Brighton, providing repair services to retail customers, insurance and fleet companies. For the year ended 31 March 2014, Seward generated revenues of £16.0m and profit before tax and depreciation of £1.1m. Its net assets stood at £1.5m at 31 March 2014.

The addition of Seward's bodyshops gives Nationwide greater coverage in the South and improves economies of scale and flow whilst extending the Group's presence in its target markets of insurance, fleet and retail.

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About Nationwide Accident Repair Services plc

Nationwide provides automotive crash repair and accident administration services to the UK insurance industry, fleet operators and retail customers and is the largest dedicated provider of accident repair services in the UK.

The Group operates a national network of accident repair centres across England, Scotland and Wales and has dedicated mobile repair fleets which repair light damage and automotive glass. Other services include accident administration, courtesy cars and salvage management. All Nationwide's services are fully integrated and unified on a single IT platform, enabling the Group to provide market-leading standards.