Acquisition of pH Associates Limited

Chime Communications plc

("Chime" or the "Company")

Acquisition of pH Associates Limited

Chime Communications plc, the international communications and sports marketing group, is delighted to announce it has entered into an agreement to acquire 100% of the share capital of pH Associates Limited ('PHA'), one of the UK's leading companies providing market access and data to the pharmaceutical industry, for an initial consideration of £6.92 million.

The initial consideration comprises £6.07 million in cash, and £0.85 million in cash representing working capital of PHA at acquisition that is surplus to requirements after PHA joins the group.

Chime is acquiring the business from PHA's two owner Directors; Kate Peperell and Lesley Howell. Following completion, Kate and Lesley will continue to develop PHA as part of Chime's healthcare division, OPEN Health. PHA's clients include: Abbott, Janssen Cilag, Novartis and Sanofi.

The acquisition of PHA is a very significant further step in the development of the market access discipline of Chime's healthcare business, OPEN Health. Chime expects the acquisition of PHA to be immediately earnings enhancing.

PHA reported revenue of £1.7 million for the year ended 30 September 2011 and operating profit of £584,000. The gross assets of PHA were £966,000 as at 30 September 2011.

Further tranches of deferred contingent consideration totalling a maximum of approximately £14 million, may be payable depending upon the future trading performance of PHA. Three such tranches may be payable, in 2013, 2014, and 2016. In the case of 2014 and 2016, at Chime's option up to 20% of the deferred consideration may be satisfied through the issue of new Chime ordinary shares.

Enquiries

Chris Satterthwaite, Chief Executive 020 7861 8515

Chime Communications

Mark Smith, Chief Operating Officer & Finance Director 020 7861 8620

Chime Communications

James Henderson / Victoria Geoghegan 020 7861 3232

Pelham Bell Pottinger

Notes to Editors

Chime is an international communications and sports marketing group, including CSM Sports & Entertainment, the VCCP Partnershipin advertising, the Good Relations Group in public relations, Open Health in healthcare communications, Teamspirit a specialist in financial and professional services and CIE our insight and engagement agency.

For more information please go to www.chimeplc.com