Issue of Equity

CEPS PLC
04 July 2005

                                   CEPS PLC

                                Issue of Equity



CEPS PLC (the 'Company') announces that, further to the issue to all
shareholders of warrants to subscribe for further ordinary shares at a price of
2p per ordinary share in the Company as described in the circular to
shareholders dated 26 March 2004, certain shareholders have exercised warrants.



Consequently, application has been made to the London Stock Exchange for the
admission of the further ordinary shares issued pursuant to the exercised
warrants, numbering 23,712, to trading on AIM.  This represents 0.013 per cent.
of the issued ordinary share capital of the Company.  As a result, the Concert
Party (as described in the circular to shareholders dated 26 March 2004) holds
49.69 per cent. of the issued ordinary share capital of the Company.



Admission is expected to take place on 8 July 2005.


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