Placing and Open Offer

Image Scan Holdings PLC
26 April 2005


For immediate release: 2:15pm 26th April 2005


Image Scan Holdings Plc:

Results of Placing and Open Offer: £1,087,274 raised

On 31st March 2005, Image Scan Holdings plc (AIM: IGE), a provider of leading
real-time multi-view, 3D X-ray imaging solutions for the security and industrial
inspection markets, confirmed the successful placing, subject to the passing of
the relevant resolutions at the EGM, of 12,486,313 shares at 7 pence with
institutional investors raising £874,042 before expenses of working capital for
the Company.

On the same day the Company also announced that a further 4,833,907 New Ordinary
Shares were to be made available to existing shareholders by way of an Open
Offer, looking to raise up to £338,373 before expenses. The basis of the Open
Offer was one Open Offer Share for every four Existing Ordinary Shares held. At
the close of application for the Open Offer Shares - 1500hrs on the 22nd April
2005 - applications had been received for 3,046,177 Open Offer Shares priced at
7 pence - 63% of the issue, raising £213,232.

With the passing of all the relevant resolutions at yesterday's EGM, the Company
confirms that trading in the 15,532,490 newly issued Ordinary Shares is expected
to commence at 0800 hrs on 28th April 2005 and that CREST accounts will be
credited on the same day. It is expected that definitive share certificates for
new Ordinary Shares will be despatched on 6 May 2005.

In total £1,087,274 has been raised for the Company before expenses via the
Placing and Open Offer.

- ends -

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and
commercialisation of market leading real-time 3D and 2D x-ray solutions for use
in the global industrial and security inspection markets. The Company's
industrial inspection solutions include the MDXI unit and the in-line DEX camera
solutions. The Company's security inspection solutions feature the unique 3D
baggage inspection system, the AXIS-3D(R) marketed by Rapiscan as their 3DSP,
and the new PanDEX portable inspection unit for bomb disposal and other
explosives and ordnance detection applications.

For further information on the Company, please visit www.ish.co.uk, and for
further information on its products, please visit www.3dx-ray.com.


Further Information:

Nicholas Fox (Chief Executive Image Scan Holdings) 01664 503 600
Toby Hall/Jade Mamarbachi (gth media) 020 7153 8039/8035




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