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Voss Net PLC (VOS)

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Wednesday 31 December, 2003

Voss Net PLC

Placing and Share Issue

Voss Net PLC
31 December 2003

31 December 2003

                          VOSS NET PLC (the 'Company')

                            Placing and Share Issue

The Company has today raised £100,000 before expenses, by the placing of
40,000,000 new ordinary shares of 0.01p each in the Company at 0.25p per share.
The placing provides additional working capital for the Company.

A further 11,750,000 new ordinary shares have also been issued in settlement of
professional fees.

As previously announced on 10 October 2003, the Company Voluntary Arrangements
and associated matters were financed under an agreement between the Company,
Great Monument Capital Limited (Great Monument), Mr Jeremy Gilbert, Mr Leo
Knifton and Mr Nigel Weller, under which Great Monument provided a loan of
£25,000 to the Company. The agreement provided that the Company would issue such
number of new ordinary shares to a company controlled by Mr Leo Knifton and Mr
Nigel Weller as will equal, when aggregated with the shares arising on
conversion of the loan, 29.9% of the then issued share capital of the Company.
Accordingly the Company has today issued 48,748,032 new ordinary shares to Zaika
Limited in accordance with this agreement.

In summary, the Company has today issued 100,498,032 new ordinary shares of
0.01p each to increase the number of issued ordinary shares to 163,036,898
ordinary shares of 0.01p each.

Application has been made for the 100,498,032 new ordinary shares to be admitted
to trading on AIM and dealings are expected to commence on 7 January 2004.

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