Proposed Acquisition of 2Wire-Posting of Circular

1 October 2010

Proposed Acquisition of 2Wire - Posting of Circular

Further to the announcement of its proposed acquisition of 2Wire, Inc. ("2Wire") on 26 July 2010, Pace plc ("Pace" or the "Company") confirms that it has received the final US regulatory clearance required in order to proceed with the Acquisition.

The Company has today issued a Circular to Shareholders containing full details of the Acquisition and convening a General Meeting to take place on 18 October 2010. Completion of the Acquisition is expected to occur shortly after the General Meeting, subject to Shareholder approval of the Resolutions.

A conference call for analysts and investors with Stuart Hall, Chief Financial Officer of Pace, to discuss the financial information contained in the Circular, will be held at 11.00am London time on Monday 4 October 2010. Details of the call are available by contacting Aideen Lee or Jennifer Scott at Brunswick on +44 (0) 207 404 5959.

The Circular will be made available on the Company's website at www.pace.com from 5pm today. The document has also been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

Terms not defined in this announcement have the same meaning as those in the Circular.

Neither the content of the websites referred to in this announcement nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.