Result of Equity Issue

ADVFN PLC
24 November 2004


Embargoed until 7:00am 24 November 2004


24 November 2004

ADVFN PLC ('ADVFN' or the 'Company')

Placing of New Ordinary Shares

ADVFN announces that it has conditionally placed a total of 52,500,000 new 
ordinary shares of 1p each ('New Ordinary Shares') at 4.0p pence per share to 
raise £2,100,000 before expenses for the Company.

The net proceeds of the Placing will be used to fund the acceleration of ADVFN's
expansion and provide finance for possible future acquisitions. Both ADVFN and
Cupidbay are benefiting from strong customer acquisition growth. This can be
significantly bolstered by adding more development and marketing resources.
These added resources will magnify ADVFN's progress and we are firm believers in
building our businesses aggressively when conditions are most favorable. Over
recent months, ADVFN has seen a number of acquisition opportunities and believes
that such opportunities will continue to arise. The Board of ADVFN believes that
being able to fund acquisitions from its own on hand cash resources will greatly
enhance its ability to secure future transactions on advantageous terms.

The Placing is conditional on admission of the New Ordinary Shares to trading on
AIM ('Admission').  Admission and dealings are expected to commence on 26
November 2004. When issued, the new shares will rank pari passu in all respects
with the Company's existing ordinary shares. Following the placing, ADVFN will
have a total of 459,533,176 ordinary shares in issue.

Clem Chambers CEO said 'As we enter an exciting new phase of ADVFN's development
we have decided to accelerate our plans to invest in our existing businesses and
to have funds available to enable us effectively to take advantage of
acquisition opportunities as they arise.'

For more details please contact:

Clement Chambers
CEO, ADVFN Plc
020 7070 0948
[e-mail]

Francesca de Franco
PR, ADVFN Plc
020 7070 0932
[e-mail]



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