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PremiSys Tech. PLC (ASE)

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Monday 17 December, 2001

PremiSys Tech. PLC

Issue of Equity

PremiSys Technologies PLC
17 December 2001

                                                              17 December 2001

                          PREMISYS TECHNOLOGIES PLC

                               ('the Company')

                                  NEW ISSUE

                             NOTIFIABLE INTEREST

The Company announces that it has today conditionally placed 2,144,514 new
ordinary shares (representing 2.3 per cent of the enlarged share capital) of
10 pence each in the capital of the Company to Desmond and Helen Bocarro at an
issue price of 10 pence per share (the 'Placing'). The Placing will raise £
214,451 which will be used to fund the continued development of the Company's
e-commerce portal for the construction industry.

Application has been made to the London Stock Exchange for the new ordinary
shares to be admitted to trading on AIM. It is expected that the new ordinary
shares will be admitted to trading on AIM on 20 December 2001.

The Company has been informed that following the Placing, Desmond and Helen
Bocarro will have a notifiable interest in 3,703,937 ordinary shares of 10
pence each in the Company, representing approximately 4 per cent of the
enlarged issued share capital of that class.


For further information, please contact:
PremiSys Technologies plc                                 020 7388 4890

Charles Woods
Deloitte & Touche Corporate Finance                       020 7936 3000

Robin Binks

Richard Collins

The Directors of PremiSys Technologies plc accept responsibility for the
information contained in this announcement. To the best of the knowledge and
belief of the Directors (who have taken all reasonable care to ensure that such
is the case) the information contained in this announcement is in accordance
with the facts and does not omit anything likely to affect the import of such