Completion of Acquisition by Corac Group plc

by: Phil Curtis 05/04/2012

Wellman Defence Limited has been acquired by Corac Group plc with effect from 5 April 2012. Please refer to news release below and related RNS postings on the Corac Group plc website www.corac.co.uk

The Directors of Corac are pleased to confirm that, further to the Company's announcements on 15 March 2012 and 30 March 2012, it has now completed the acquisition of the entire issued share capital of Wellman Hunt Graham Ltd and Wellman Defence Limited (the "Acquisition").

Terms used and not defined in this announcement bear the meaning given to them in the circular dated 14 March 2012.