Related Party Transaction

Zareba PLC
12 December 2005


Zareba plc ('Zareba' or 'the Company')

Further to an announcement made on 9 December 2005 regarding a potential reverse
takeover with Quadrise International Limited, a subsidiary of Masefield Energy
Holdings AG, James Burgess, a director of the Company, has agreed to underwrite
a financing of £250,000 at a price of 1.75p per Zareba ordinary share.  This
equates to approximately 13.9% of the existing share capital of the Company.

In the context of the transaction, the directors of Zareba, excluding Mr
Burgess, having consulted Smith & Williamson Corporate Finance Limited, consider
the proposed underwirting arrangement with Mr Burgess to be fair and reasonable
insofar as the Company's shareholders are concerned.  At present, Mr Burgess is
the benefical holder of 12.3 million ordinary shares equivalent to approximately
6.05 per cent. of the Company's share capital.  Any change to Mr Burgess'
holding  in the Company, as a result of this transaction, will be announced in
due course with the relevant details of the transaction.

For further details please contact:

John Woolgar                    07813 818 241 (m)
Zareba plc                      01483 890004 (o)

Azhic Basirov
Smith & Williamson
Corporate Finance Limited       020 7131 4000

Ben Simons
Hansard Communications          020 7245 1100


12 December 2005



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