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Asite PLC (ASE)

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Friday 28 June, 2002

Asite PLC

Issue of Equity

Asite PLC
28 June 2002

                                                                    28 June 2002

                                   ASITE PLC

                                ('the Company')

                                   NEW ISSUE

The Company announces that it has today undertaken to issue 4,065,030 new
ordinary shares (representing 4.1 per cent. of the enlarged share capital) of 10
pence each in the capital of the Company to Warrencity Invest Corp at an issue
price of 10 pence per share in cash.

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 4 July 2002.


For further information, please contact:

ASITE plc                                                       020 7388 4890
Charles Woods

Deloitte & Touche Corporate Finance                             020 7936 3000
Robin Binks

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