Issue of Equity

Futura Medical PLC
08 March 2004

Press Release                                                      08 March 2004

                               Futura Medical Plc

                                Issue of Equity



Futura Medical plc ('Futura'), the AIM-quoted pharmaceutical and medical device
group that develops innovative products for the sexual healthcare market, is
pleased to announce that it has raised £1.75 million, after costs, by way of a
joint placing, between Williams de Broe Plc and Canaccord Capital (Europe)
Limited, of 2,200,000 ordinary shares at 82 pence per share, under its Section
95 authority.  The money raised from this issue will enhance Futura's
negotiation opportunities with its potential distributors as well as finance new
development opportunities.  The placing was undertaken in response to the
considerable interest shown in Futura by a variety of institutional investors
since the release of the preliminary results for the year-ended 31 December 2003
last week.



Application has been made for 2,200,000 ordinary shares to be admitted to
trading on the Alternative Investment Market of the London Stock Exchange.  It
is expected that admission to trading and dealings in the new ordinary shares
will commence at 8.00am on 10th March 2004.



James Barder, Chief Executive of Futura Medical, said: 'There is always a risk
that small companies like Futura may be squeezed when negotiating commercial
distribution agreements if they are seen as being cash constrained.  The
additional funding will strengthen our negotiating position as well as finance
other development opportunities that have started to come our way following
Futura's Introduction to AIM and increase in profile.  We are delighted to be
able to welcome a number of institutional investors as new shareholders to the
Company, thereby further expanding our shareholder base.'


For further information:
Futura Medical plc
James Barder, Chief Executive                          Tel: [phone]
mailto:[e-mail]                  www.futuramedical.co.uk


Media enquiries:
Bankside
Peter Curtain / Alex Tweed                             Tel: [phone]
mailto:[e-mail]                             www.bankside.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange