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The Go-Ahead Group plc (“Go-Ahead”) is pleased to confirm that it has completed the acquisition of Plymouth CityBus (“PCB”) from Plymouth City Council (“PCC”).

This follows the announcement on 23 November that Go-Ahead had offered to acquire for cash 100% of the share capital of PCB from PCC for an enterprise value of £20m.

Keith Ludeman, Group Chief Executive of Go-Ahead, said: "We are delighted the full council voted in favour of the sale of Plymouth CityBus to Go-Ahead. The transaction process with Plymouth City Council has gone very well and we now look forward to working with Plymouth CityBus and other local stakeholders.”

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Notes to Editors

Plymouth CityBus (PCB)

PCB operates a high quality fleet of 173 buses and 11 coaches from a large freehold depot in the centre of Plymouth, carrying around 14 million passengers each year across a wide network in and around the City. For the financial year ended 31 March 2009, the revenue for PCB was £17.6m and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was £2.5m.

Go-Ahead

Go-Ahead is one of the UK's leading providers of passenger transport services operating in the bus, rail and aviation services sectors. Employing around 27,000 people across the country, around 960 million passenger journeys are undertaken on our services each year.

Our local focus

We believe that public transport is best provided locally. All of our bus and rail companies are locally branded and form an integral part of the communities they serve. We empower our local managers to deliver services to their own markets in the way they best see fit. This local focus and understanding of community needs means we are able to provide high quality services.

Environment & corporate responsibility

Go-Ahead is the only UK public transport Group to have been officially certified with the Carbon Trust Standard after taking action on climate change. The Carbon Trust Standard is the UK's only independent certification recognising achievements in action on climate change by leading organisations in industry, commerce and the public sector. For the third year in a row Go-Ahead achieved a gold rating in Business in The Community's (BITC) 2009 Corporate Responsibility Index – the highest rating amongst comparable participating transport operators. These awards highlight our commitment to being a responsible employer and public transport operator.

For further information visit www.go-ahead.com