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Havelock Europa PLC (HVE)

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Wednesday 07 July, 2004

Havelock Europa PLC

Issue of Equity

Havelock Europa PLC
07 July 2004


7 JULY 2004

Issue of Equity

Further to the announcement regarding the acquisition of TeacherBoards (1985)
Limited released on 30 June 2004, the Company announces that in order to satisfy
part of the consideration in relation to the acquisition, application has been
made for 786,988 new ordinary shares of 10p each to be admitted to the Official
List and trading on the London Stock Exchange.

These shares will rank pari passu with the existing ordinary shares of the
Company (save that the ordinary shares allotted will not rank for the final
dividend of 2.1p per share declared on 23 June 2004) and dealings are expected
to commence on 13 July 2004. The issued share capital of the Company is now
31,866,969 Ordinary Shares of 10p each.


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