Placing of New Shares to Raise £2.6 Million

Netcall PLC 1 November 1999 NETCALL plc PLACING OF NEW SHARES TO RAISE £2.6 MILLION (NET) FOR EXPANSION Netcall plc ('NetCall'), the company that provides HyperPhone solutions for e.commerce, has announced a £2.7 million (before expenses) share placing subject only to the consent of shareholders at an Extraordinary General meeting. NetCall is quoted on the Alternative Investment Market ('AIM') of The London Stock Exchange and is the World's leading provider of Internet Controlled Telephony. Key points: Approximately £2.7 million, before expenses, is being raised through a placing of 4,022,217 new shares at 67p per share, which was the price ruling at the time marketing commenced, mainly with UK based institutions. The placing has been arranged by Bell Lawrie Wise Speke the Company's Nominated Advisor and Broker. The net proceeds, which amount to approximately £2.6 million, will be used to repay short term borrowings and accelerate the marketing and promotion of the Company's services and products. In the interest of keeping the issue costs to a minimum, the Placing has been conducted by way of a limited marketing exercise, without pre-emption for existing shareholders. The Placing is conditional only upon approval by shareholders of a resolution to be proposed at an EGM, to be held at the Company's registered office at Tricorn House, Five Ways, Hagley Road, Birmingham, B16 8TP at 11.00 am on Wednesday 24 November 1999. The notice convening the EGM has today been posted. Jeffrey Rubins, Chairman of Netcall plc, commented: 'Over the last three years, we have developed an infrastructure capable of delivering significant volumes of telephone calls requested by visitors to web sites or recipients of emails. We are now able to utilise this infrastructure to deliver calls requested from other more traditional sources, together with associated information. To exploit the full potential of this opportunity, NetCall needs to accelerate the marketing and promotion of the Company's services and products. This placing will enable NetCall to do just that' Enquiries to: Jeffrey Rubins - Chairman Tel: 0171 256 5756 (on 1.11.99) David Rothschild - Chief Executive Tel: 001480 495300 (thereafter) Simon Rothschild/Tarquin Edwards Tel: 0171 256 5756 Millham Communications Netcall plc web address: www.netcall.com

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Netcall (NET)
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