Investment

Braveheart Investment Group plc
14 June 2007

14 June 2007
                        Braveheart Investment Group plc
                         ('Braveheart' or the 'Group')

               Alpha EIS Fund invests £320,000 in Spiral Gateway

Braveheart (AIM: BRH), the technology commercialisation and investment
management company, announces that it has made an investment of £320,000 into
Spiral Gateway Ltd. via its Alpha EIS Fund. This is the Group's second round of
funding into Spiral Gateway. Investors in the Alpha Fund include the Bank of
Scotland Corporate and Scottish Enterprise as well as the Group's clients.

Spiral Gateway, a semiconductor company, was incorporated in 2004 and is a
spin-out from the University of Edinburgh. This round of funding will enable
Spiral Gateway to recruit staff and further develop its technology before
seeking what is likely to be a more substantial round of funding early next
year.

Spiral Gateway's business model is to sell microchips based on its
Reconfigurable Instruction Cell Array (RICA) technology. The first customer to
license a RICA based product signed an end user licence agreement in February
2007.

RICA represents a major opportunity for manufacturers for portable applications
such as phone handsets, cameras and mobile multimedia devices, to increase
functionality and flexibility whilst reducing cost. It is a revolutionary
processor architecture that enables devices to reach the power and performance
of an application specific integrated circuit ('ASIC') implementation and still
have complete flexibility because application changes are made in standard
software. This means that a range of applications can be run on any one device
in a highly optimized fashion and modifications or new functions are easily
added. These changes are dynamically loaded onto a device and run without any
performance penalty - and without the need for multi-million dollar fabrication
runs.

The company is currently focused on the development of its first commercial
microchip. The initial commercial development under consideration is a product
for image processing which has many possible applications. Spiral Gateway is in
early negotiations with major corporates in the mobile and consumer sectors, 
with a view to testing the technology in an industrial setting.

As part of its commitment to aid portfolio companies in the successful and
timely commercialisation of their Intellectual Property, Braveheart has
appointed Alan Henderson as Chairman of the Board of Spiral Gateway. Alan has a
background in engineering, marketing and sales and was recently part of the
founding team that sold Alphamosaic to Broadcom for $125m within four years of
start-up.

Commenting, Chief Executive of Braveheart, Geoffrey Thomson, said, 'As
technology evolves, so has the pressure on every day devices to keep up with the
pace of change. The increase in processing performance required by new devices
is prolific, however consumers won't accept degradation in battery life. To meet
these demands new processing architectures are needed.'

'Spiral Gateway's RICA technology represents what we believe to be an important
commercial opportunity for manufacturers to increase their functionality and
flexibility, whilst reducing project risks and costs.'

Matthew Lawrenson, one of the founders of Spiral Gateway added, 'Braveheart has
supported our company throughout its early life. This round of funding will help
us to strengthen our technical teams and hence our R&D and product refinement
processes.'

'We are delighted that Alan Henderson has joined us as Chairman and we look
forward to working with him as we take the company forward.'

                                     -Ends-

For further information, please contact:

Braveheart Investment Group     Tavistock Communications     Spiral Gateway
Geoffrey Thomson                Richard Sunderland           Matt Lawrenson
Chief Executive                 Rachel Drysdale

Tel: [phone]               Tel: [phone]           Tel: [phone]
                                [e-mail]


The Alpha EIS Fund ('the Fund')

Established in December 2005, the £2.5 million Fund was set up as a tax
efficient vehicle to invest in early-stage, university spin out companies, rich
in intellectual property, with potential for significant growth, through the
commercialisation of their IP. The Fund is managed by Braveheart and
participants include Bank of Scotland Corporate, Scottish Enterprise, NESTA and
Braveheart's own clients.The Fund will deliver a minimum of ten EIS qualifying
investments, sourced through the Group's unique framework of strong formal
relationships with Scottish universities and business parks.

To date the fund has made five investments.



                      This information is provided by RNS
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