GoIndustry

Press Release

GoIndustry plc ('GoIndustry' or the 'Company')
Completes Acquisition of DoveBid Inc.

London, UK (February 26, 2008) - GoIndustry plc, the AIM quoted industrial machinery and equipment auctioneer, is pleased to announce that it has completed the acquisition of US based DoveBid, Inc., a global provider of capital asset auction and valuation services to large corporations and financial institutions, for a purchase price of approximately £17.0m.

The acquisition of DoveBid complements GoIndustry's existing operations and is expected to help it fulfil its strategy to build scalable and repeatable sources of equipment supply internationally. The acquisition has expanded GoIndustry's geographical footprint predominantly in North America, and also provides the opportunity to create substantial cost synergies with expected annualised cost savings of £4m in 2008 and £5m in 2009 and beyond. GoIndustry is now embarking on the rapid integration of the two companies.

John Allbrook, Chief Executive of GoIndustry said, "This is a truly transformational deal for our company that will give us a market leading position in the United States, Europe and Asia-Pacific regions. As one company, we are bigger, stronger and more focused, with a clear ambition to serve our customers and help them become even more successful."

As announced on 30 January 2008, the Company raised £18.5 million before expenses through the issue of 185,000,000 new ordinary shares by way of an institutional placing and subscription. These new ordinary shares, as well as the 21,660,000 shares issued as part consideration for the acquisition of Dovebid, began trading on AIM yesterday. Accordingly, the total number of Ordinary Shares in issue is 467,419,297 Ordinary Shares (excluding 4,238,860 Ordinary Shares held in treasury by the Company).

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For further information, visit www.goindustry.com or contact:

Notes to editors
GoIndustry plc, quoted on the London Stock Exchange's AIM market (Epic: GOI), is a global market leader in the valuation and sale of surplus industrial machinery and equipment. The Company combines traditional asset sales experience with innovative eCommerce technology and advanced direct marketing to service the needs of corporations, insolvency practitioners, dealers and asset based lenders around the world.

DoveBid Inc., is a global provider of capital asset auction and valuation services to large corporations and financial institutions. Founded in 1937, it has been at the forefront of using online technology to make the auction process more transparent, offering a portfolio of asset disposition solutions including live webcast auctions, featured online auctions, sealed bid sales, and private treaty sales. Its wholly owned subsidiary, DoveBid Valuation Services, Inc., provides diversified asset appraisal services. DoveBid is headquartered in Los Angeles, California, and has offices in 19 countries throughout North America, Europe and the Asia-Pacific region.