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Emess PLC (WTC)

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Friday 06 September, 2002

Emess PLC

Capital Reconstruction

Emess PLC
06 September 2002



EMESS plc ('Emess' or the 'Company')


6 September 2002


Further re. Capital Reconstruction

The board of Emess announces that the hearing at the High Court of Justice to
approve the reduction of capital took place today.  The Registrar is now
considering the evidence put before him and is expected to deliver his judgement
before the end of the month.

In accordance with their terms, Election Notices which have already been
submitted will remain valid.

The period for preference shareholders wishing to elect for the once-and-for-all
conversion of their preference shares at the conversion ratio of three ordinary
shares for each preference share will expire at 3.00 pm on the business day
following the approval by the Court of the reduction of capital (if given).
Preference shareholders who have lost their Election Notice can obtain a
replacement from Computershare Investor Services PLC by telephoning 0870 702
0100.

Enquiries:

Emess:
Michael Sayers                                              020 7003 3113

Bridgewell Corporate Finance Limited:
Giles Elliott / Paul Shackleton                             020 7003 3113




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