Corporate Action - Update

nanoUniverse PLC
5 June 2001

SCHEME (CAPITAL REDUCTION & CONSOLIDATION)
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *NANO
SEDOL CODE              *125-141
TERMS                   *Every 5 Ordinary Shares - 1 New Ordinary Share and
                                                   £2.60 in cash.  


NOTES *The provisional effective date of 21-06-01 has been withdrawn.  The      
       special resolution in relation to the Capital Reduction and Consolidation
       proposed at the EGM held on 29-05-01 was not passed.  A further          
       announcement will be made in due course.