Acquisition of New Store

BEALE PLC (the "Company")

Acquisition of New Store

As part of the Company's plans to grow, Beale PLC is pleased to announce that it has acquired the Department Store of Robbs of Hexham from MCR the Administrator of Vergo Retail Limited (in administration), through its primary trading subsidiary of J E Beale plc, for £250,000. The demographics of Hexham and the trading history of Robbs align well with those of Beales.

The transaction increases the Company's portfolio to twelve stores. The Board are delighted the Company has been able to acquire the Robbs Store taking it out of administration and securing its future.

For further information

Beale PLC Astaire Securities

Tony Brown, Chief Executive Antony Legge

Ken Owst, Finance Director Toby Gibbs

Tel: 01202 552022 Tel: 020 7448 4400