Acquisition

ADVFN PLC 05 September 2006 September 5, 2006 ADVFN plc ('ADVFN' or the 'Company') Acquisition ADVFN is pleased to announce that it has today entered into an agreement (the ' Acquisition Agreement') for the acquisition of 100 per cent of the issued share capital of InvestorsHub.com Inc and SI Holdings, LLC for a cash consideration of US $3 Million. InvestorsHub.com Inc and SI Holdings, LLC operate two online investment community websites in the North American market, which have over 58 million combined page views a month. These financial websites are very similar to ADVFN in both content and context and are highly complementary to ADVFN's current business model. Just like ADVFN, InvestorsHub.com and SI Holdings, LLC (Silicon Investor) host large investor communities, providing a robust environment for stock information and investor discussion. In the year ended 30th June 2006, InvestorsHub.com Inc and SI Holdings, LLC recorded aggregate unaudited profits after tax of US $84,000 and had aggregate unaudited net assets of US $184,000. ADVFN has also today entered into a placing agreement with Mirabaud Securities Limited ( 'Mirabaud' ) pursuant to which Mirabaud has agreed to use reasonable endeavours to raise an aggregate of up to £2,945,000 by the issue of up to 98,166,667 new ordinary shares in the capital of the Company at 3p per share. The fund raising is conditional, inter alia, on the Acquisition Agreement becoming unconditional in all respects save for any conditions relating to the placing and admission of the new ordinary shares to trading on AIM. The proceeds of the placing will be used to fund the consideration under the Acquisition Agreement, with the balance to be used for general working capital purposes. 'I am delighted to announce the acquisition of InvestorsHub.com and Silicon Investor. This purchase adds traffic equivalent to the ADVFN website's, already high, current output in one transaction thereby giving our marketing and sales infrastructure exciting scope for growth,' said Clem Chambers, CEO of ADVFN. He continued: 'As well as large valuable audiences, InvestorsHub.com and Silicon Investor are two sizeable communities who may benefit from ADVFN's premium subscription packages. InvestorsHub.com and Silicon Investor give us a platform for revenue and growth in the US and Canada.' Bob Zumbrunnen, President and Chief Executive Officer of InvestorsHub.com, said: 'We have had many suitors, but believe ADVFN is the perfect parent company for us. With ADVFN's resources and financial tools, InvestorsHub.com (www.investorshub.com) and Silicon Investor (www.siliconinvestor.com) will soon be part of a great network of financial sites.' Michael Hodges, Chairman of ADVFN, added: 'This acquisition delivers what we set out to achieve in the US, bringing us a large audience. With a strong proven team in the US and excellent scope to leverage our skills with premium data we are very optimistic about the coming months.' Enquiries Francesca De Franco, ADVFN, 020 7070 0932 or email: francescad@advfn.com Graeme Thom, Grant Thornton, 0870 991 2790 This information is provided by RNS The company news service from the London Stock Exchange

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ADVFN (AFN)
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