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Asite PLC (ASE)

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Tuesday 05 March, 2002

Asite PLC

Issue of Equity

Asite PLC
5 March 2002

                                                                    5 March 2002

                                   ASITE PLC

                                ('the Company')

                                   NEW ISSUE

The Company announces that it has today undertaken to issue 500,000 new ordinary
shares (representing 0.5% of the enlarged share capital) of 10 pence each in the
capital of the Company to Sir John Egan at an issue price of 10 pence per share.
The shares are to be issued to Sir John Egan in lieu of cash for his services as
non executive director for the year ending 31 December 2002.

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 11 March 2002.


For further information, please contact:

ASITE plc                                          020 7388 4890

Charles Woods

Deloitte & Touche Corporate Finance                020 7936 3000

Robin Binks

Richard Collins

The Directors of ASITE 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 information.

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