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Blueheath Holdings (BOK)

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Tuesday 20 July, 2004

Blueheath Holdings

First Day of Dealings on AIM

Blueheath Holdings PLC
20 July 2004

FOR IMMEDIATE RELEASE                                              20 July 2004

                             Blueheath Holdings plc
                         ('Blueheath' or the 'Company')

                          First day of Dealings on AIM

              'Blueheath has sparked a revolution for wholesale'*

Blueheath the fast growing convenience store grocery wholesaler is pleased to
announce the commencement of trading in its shares on AIM under the ticker
symbol: BLH.

The Company operates in an industry which has historically been both traditional
and slow to adapt, Blueheath provides customers with cost and service advantages
over established competitors, next day delivery, fresher product, and more
efficient ordering and product information by applying large 'supermarket scale'
wholesaling expertise to the £16.4bn# UK grocery wholesale market.

At the issue price of 121 pence per share, the Company has raised  £18.5 million
(before expenses) through an institutional placing. On Admission and at the
issue price the market capitalisation will be approximately £49.7 million.

Evolution Beeson Gregory Limited is the Company's Nominated Adviser and
Nominated Broker.

Placing statistics

Placing Price                                                                                121p

Number of Ordinary Shares in issue immediately following the Placing                         41,057,657

Market capitalisation of the Company following the Placing at the Placing Price              £49.68 million

Number of Ordinary Shares being placed on behalf of the Company                              15,289,256

Percentage of the Company's enlarged issued ordinary share capital being placed              37.24 percent

Value of the Placing at the Placing Price                                                    £18.5 million

Estimated proceeds of the Placing to be received by the Company, net of expenses             £16.7 million

Expected timetable of events

Admission and dealings in the Ordinary Shares expected to commence on AIM                    20 July 2004

CREST accounts to be credited with Ordinary Shares                                           20 July 2004

Despatch of definitive share certificates where applicable                                   By 3 August 2004

For further details please contact

Blueheath Holdings plc
Douglas Gurr, Chief Executive                Tel: 020 7689 2455
Simon Mindham, Finance Director              Tel: 020 7689 2464

Buchanan Communications
Mark Edwards/James Strong                    Tel: 020 7466 5000

Evolution Beeson Gregory Limited
Michael Brennan/Bobbie Hilliam               Tel: 020 7071 4300

*      The Institute of Grocery Distribution (IGD) awarding the prestigious
       Supply Chain Excellence Award to Blueheath (Oct 02)

#      Institute of Grocery Distribution, March 2004

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