Contact: Emma Thorogood
Deloitte
Public Relations
+44 207 303 6264

London, August 2, 2002 — Deloitte & Touche today completed its transaction with Andersen UK under which partners and staff of Andersen UK will join Deloitte & Touche.

John Connolly, Chief Executive and Senior Partner, commented, "The conclusion of this deal is excellent news for our people and the marketplace. We are confident that the extended range of skills, services and knowledge that the enlarged firm offers will bring great benefit to our clients and provide many outstanding development opportunities for our partners and staff.

"While the business climate remains challenging, I am confident that Deloitte will be distinguished by quality; characterised by high professional standards and a highly motivated group of talented people committed to providing first class service."

"Deloitte's business strategy is built on principles of quality, integrity and efficiency of delivery. Our commitment to servicing business is made even stronger by the enhanced strength of our professionals who deliver quality service every day," added John Connolly.