GBP 3 million Placing

Access Intelligence PLC 18 November 2004 EMBARGOED 7.00AM 18 November 2004 Access Intelligence plc Placing to raise £3 million at 10p per share Access Intelligence plc ('Access Intelligence' or 'Company'), the AIM listed marketing services company, is pleased to announce a placing to raise £3 million, before expenses. The Placing will provide additional funds to finance a number of potential acquisitions and provide additional working capital for the development of the Group. Corporate Synergy, the Nominated Adviser and Broker to the Company, has conditionally placed 30,000,000 new Ordinary Shares with institutional and other investors at 10 pence per share. The Placing has not been underwritten. In order to effect the Placing the Company has convened an Extraordinary General Meeting to be held on 13 December 2004. Background The Company was incorporated in June 2003 and in November of that year acquired Access Intelligence Limited. Access Intelligence Limited was incorporated in November 2000 and acquired The Marketing Guild in December 2000 and both Wired Gov and Backup and Running in October 2003. The common links between these acquisitions are that they provide practical services and advice to small and medium sized companies and the services provided are subscription-based and provide a foundation for expansion by means of recurring annual revenues. Further information on the Group's businesses is set out below. Strategy The Group's strategy is to establish a portfolio of companies which provide information, advice and services to small and medium sized businesses on a subscription basis. The Directors believe that this model provides high levels of repeat business, and thus high quality revenues, together with cross selling opportunities within the Group. The Group's existing businesses are performing well and are approaching breakeven. Furthermore the Directors believe that they have exciting growth prospects, but their scale is insufficient to provide an adequate return on capital, taking into account central overheads and the costs of being a public company. Accordingly, the Directors intend to expand the business by acquisition and build a group with critical mass and strong cashflows. The Directors have identified a number of potential acquisitions and have entered into the early stages of negotiations with their owners. However, as at the date of this document, no agreement or understanding regarding any of these potential acquisitions has been reached. The Directors are of the view that the Company will be seen as an attractive acquirer by the vendors of businesses if it is able to demonstrate to them that it has the necessary cash to effect acquisitions. Accordingly, the Placing provides the Company with resources that enable it to potentially move quickly to make future acquisitions. The Placing The Company is proposing to raise £3 million, before expenses, by way of a placing of 30,000,000 new Ordinary Shares. Pursuant to the Placing Agreement, the Placing Shares have been conditionally placed by Corporate Synergy, subject to the terms of the Placing Agreement, at 10 pence per share with institutional and other investors. The Placing has not been underwritten. The Placing is subject, inter alia, to the Placing Agreement having become unconditional and not having been terminated in accordance with its terms and Admission becoming effective on or before 14 December 2004 or such later date as Corporate Synergy and the Company may agree: The Placing Shares will rank pari passu with the existing Ordinary Shares and will rank in full for any dividends and other distributions paid or made in respect of the ordinary share capital of the Company. The total costs, charges and expenses relating to the Placing are estimated to amount to approximately £175,000. Pursuant to the Placing, the directors have agreed to subscribe for, in aggregate, 705,000 Placing Shares. Commenting on the fundraising, Jeremy Hamer, Chairman of Access Intelligence said: 'We are determined to build Access Intelligence into a broadly based Group with a number of subscription based businesses. Our existing business have all made good progress since the flotation in December last year and this fundraising will provide the additional resources to enable us to develop the business further.' Enquires: Jeremy Hamer (Chairman) 07977 234614 Brendan Austin (Chief Executive) 01904 520 840 Access Intelligence plc Justin Lewis 020 7626 2244 Corporate Synergy Plc Brian Coleman-Smith 020 7398 3300 Beattie Financial Notes to Editors The Marketing Guild The Marketing Guild provides practical marketing help and advice aimed at small and medium sized businesses. This is delivered through regular newsletters, a help line and training seminars for which members pay a fee based on the level of service they require. In addition, members have access through the helpline to 'MAGiC(TM)', a database containing ideas and tactics, which offers strategies to members. Wired Gov Wired Gov provides its subscribers with immediate press releases from the government and other public sector organisations via its website and e-mail alert system. Income is derived from subscriptions and sponsorship. Subscribers to the service can specify from which organisations they wish to receive information and additionally use key word searches. An archive system is also available. Wired Gov has approximately 10,000 registered users. Backup and Running Backup and Running provides small and medium sized organisations with a disaster recovery service for computerised information. The software is made available under a licence from Novastor Corporation, an American company. The software allows users to configure an operating system to specify which files are to be backed up and the frequency of the routine. The specified information is encrypted then sent via modem to a remote storage facility. The software has several facilities including an archive facility which allows the user to retrieve all back ups made over a five year period. Backup and Running has approximately 120 customers. This information is provided by RNS The company news service from the London Stock Exchange
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