Acquisition of "Living and Giving" stores announced today. These stores were formerly owned by PRG. The latest report giving details of their performance was PRG's year to March 2006, where it was written as follows:

Living & Giving

Living & Giving has continued to refine its positioning of fashionability and
outstanding customer service in the homewares and gift market, following on
from a restructuring programme completed in the previous financial year. It
closed one underperforming store during the year under review, and now
operates nine stores.

Living & Giving's gross operating revenue for the financial year to 31 March
2006 was $13.1M, from $15.1M in the previous financial year, a relatively
flat performance on a like-for-like basis given the reduced store numbers.
Five stores were closed between May 2004 and February 2005 and therefore
contributed to sales in the year ended 31 March 2005.

It delivered an EBITA loss of $0.97M for the year to 31 March 2006, a notable
improvement on the EBITA loss of $1.7M in the previous financial year. The
management team is confident that completion of the restructuring process
enables Living & Giving to look forward to further improvements in the
future.