Mears is pleased to announce that it has been notified today by Family Mosaic that they have agreed, subject to the completion of the standstill period, to appoint Mears as preferred bidder.  The value of the award is £300 million for a ten year period.

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Mears Group PLC, the support services group to the Social Housing and Domiciliary Care sectors in the UK, is pleased to announce another set of record results for the six months to 30 June 2010.

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Following the brief statement made by Mears after the market closed on Friday 25 June the Company is pleased to reiterate that it is continuing to deliver strong trading across all divisions and is not experiencing any downward pressure on spend in its social housing business. Current trading and strong cash conversion for the year are in line with management expectations.

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