Issue of Equity

Tasty PLC
29 September 2006


                                   TASTY PLC


                                ISSUE OF EQUITY

                    PLACING OF 3,225,806 NEW ORDINARY SHARES



Tasty plc ('Tasty' or 'the Company') is pleased to announce that it has today
raised £3.0 million, before expenses, through a placing of 3,225,806 new
ordinary shares of 10 pence each ('New Shares') at a price of 93 pence per share
(the 'Placing Price') with new and existing investors ('the Placing'). The
Placing Price represents a discount of 11.83 per cent to the closing middle
market price of the Company on 28 September 2006 (being the latest practicable
date prior to this announcement). The New Shares represent approximately 14.16
per cent. of the current issued share capital of the Company. The Placing is
conditional upon admission of the New Shares to trading on AIM.


The net proceeds from the Placing will be used by the Company to accelerate the
expansion of its restaurants and to establish a central kitchen. The Directors
can confirm that current trading is in line with their expectations.


Application will be made for the New Shares to be admitted to trading on AIM and
dealings are expected to commence on 9 October 2006.


The Company has been informed that Samuel Kaye, an Executive Director, and Adam
Kaye, a Non-Executive Director, purchased 726,476 New Shares in the Placing.
Following this purchase, Samuel Kaye and Adam Kaye have a holding of 5,953,218
ordinary shares each, with each holding representing 22.89 per cent. of the
Company's enlarged issued ordinary share capital.


Keith Lassman, the Non-Executive Chairman of the Company, has also purchased
10,752 New Shares in the Placing. Following this purchase, Keith Lassman has a
holding of 29,982 ordinary shares, representing 0.12 per cent. of the Company's
enlarged issued ordinary share capital.


The Company has also been informed that Philip Kaye, a major shareholder,
purchased 41,669 New Shares in this Placing. Following this purchase, Philip
Kaye has a holding of 1,538,461 ordinary shares, representing 5.91 per cent. of
the Company's enlarged issued ordinary share capital.


29 September 2006



Enquiries:

Evolution Securities                                               020 7071 4300
Tom Price
Bobbie Hilliam

College Hill                                                       020 7457 2020
Justine Warren
Jamie Ramsay




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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