RNS Number:7359H
THB Group PLC
20 February 2003





             THB Group plc ("THB") signs heads of terms to acquire
                          equestrian insurance broker



THB Group plc, the niche insurance broker, which floated on the Alternative
Investment Market of the London Stock Exchange on 1 October 2002, today
announces that it has signed heads of terms for the acquisition of BEIB
Equestrian Holdings Limited ("BEHL"), which owns British Equestrian Insurance
Brokers Limited ("BEIB").



BEIB is a specialist insurance broker covering all aspects of the equestrian
market in the UK and overseas, with turnover of #2.1 million. Net assets of BEHL
totalled #0.6 million at 30 September 2002 and consolidated pre-tax profits were
#0.45 million in the year then ended.



The agreement, under which THB will acquire 100% of the issued share capital of
BEHL, provides for initial consideration of up to #2.35 million in cash and a
further #0.5 million in new THB ordinary shares, which will be subject to a
two-year lock-in.  Additional consideration, not expected to exceed #0.5
million, will be payable in THB shares on achievement of performance targets for
the three financial years following acquisition. The agreement is subject to
contract and due diligence and is expected to complete on 7 April 2003.



Further information will be announced once the transaction becomes
unconditional.



Ends.









CONTACTS

Vic Thompson, Chairman, THB Group                   01689 883523

Rob Wilkinson, Finance Director, THB Group       01689 883519





Information on THB Group plc



THB Group is a UK based niche insurance broking group, having at its core a
Lloyd's broking business, providing services to clients predominantly in the UK
and US. It acts as a wholesaler to other intermediaries both in the UK and
abroad, as well as providing broking services to a range of retail insurance
clients, from Formula One racing drivers to international corporate clients. The
group has a strong presence in certain niche areas of insurance in the Lloyd's
market, such as motorsport, motor fleet and North American property.



The company completed a successful flotation on the Alternative Investment
Market of the London Stock Exchange on 1 October 2002, raising #6 million,
largely by way of a placing to institutional investors and staff, at a price of
120p per share.



Profit before tax totalled #3.3 million in the year ended 30 April 2002 on
turnover, comprising brokerage and commission, of #15.3 million. The group
reported interim profits for the six months to 31 October 2002 of #1.64 million
before tax on turnover of #10.5 million.



Further information is available on the company's website at www.thbgroup.com.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQIIFFAFDIIFIV