Completion of Acquisition and Placing / TVR

22 March 2011

Completion of acquisition and placing and total voting rights

Cello Group plc, ("Cello" or the "Company"), the insight and strategic marketing group, is pleased to announce that following the admission to trading on AIM of 11,137,382 new Cello ordinary shares of 10p each ("Ordinary Shares") on 21 March, it has successfully completed the acquisition of Medergy HealthGroup Inc. and the placing to raise £2.8m from new and existing institutional shareholders and certain directors of the Company.

Following admission, Cello's issued share capital consists of 72,782,036 Ordinary Shares. The Company holds 237,000 Ordinary Shares in treasury. Therefore, the Company has 72,545,036 Ordinary Shares with voting rights at the date of this announcement.

The above figure (72,545,036 Ordinary Shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FSA's Disclosure and Transparency Rules.

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