Issue of Equity

Screen PLC
12 March 2002


                           Screen plc ('the Company')

            Placing of 7,500,000 new ordinary shares at 40p per share

The Company announces that it has placed 7,500,000 new ordinary shares ('the
Placing Shares') with institutional and other investors at 40p per Placing Share
('the Placing Price') ('the Placing'). The Placing will raise approximately
£2.89 million for the Company (net of expenses). The net proceeds of the Placing
will be used to provide for future working capital requirements of Joyce-Loebl
Limited (acquired on 21 December 2001) and for the enlarged Group.

The Placing Price represents a discount of 10 per cent. to yesterday's closing
middle market price of 44p. The Placing Shares, which have been issued pursuant
to an authority granted by shareholders at the Extraordinary General Meeting of
the Company held on 14 February 2002, represent approximately 15.7 per cent. of
the Company's existing issued share capital.

Application will be made for the Placing Shares to be admitted to the
Alternative Investment Market of the London Stock Exchange. Admission is
expected to take place on 18 March 2002. The Placing Shares will be identical in
all respects to the Company's existing ordinary shares.

Owen Williams, Chairman, commented that 'the Placing achieved the twin
objectives of producing working capital to accelerate the growth of the newly
acquired Joyce-Loebl business whilst at the same time introducing new
institutional investors to the shareholder base'.

12 March 2002


Contacts:

Screen Plc
Owen Williams - Chairman
Tel: [phone]
www.screenplc.com

Binss & Co. PR Ltd
Tel: [phone] Paul McManus/ Peter Binns
e-mail: [e-mail]


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