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Friday 02 September, 2005

Euro CapitalProjects


Euro Capital Projects plc
02 September 2005

For immediate release

                                                                2 September 2005
                           Euro Capital Projects plc
                       ('Euro Capital' or 'the Company')

                  Placing to raise gross proceeds of £225,000

The Board of Euro Capital announces that the Company's broker, Seymour Pierce
Ellis Limited, has placed 22,500,000 new Ordinary Shares of 1p each in the
capital of the Company ('New Ordinary Shares') with clients of Seymour Pierce
Ellis Limited and Griffin Two Limited ('Griffin Two') at a price of 1p per New
Ordinary Share (the 'Placing Price'). Pursuant to the Placing, Griffin Two
subscribed for 2,500,000 New Ordinary Shares at the Placing Price.

The gross proceeds of the placing amount to £225,000 (equivalent to net proceeds
of £217,125 after payment of commissions of £7,875 to Seymour Pierce Ellis
Limited) and will be used by the Company to develop further its investments
within the European property sector. Application will be made for the New
Ordinary Shares to be admitted to trading on AIM. Euro Capital was admitted on
trading on AIM in August 2004 with the intention to invest in small to medium
sized companies. To date, Euro Capital has made two investments into the
Hungarian and Croatian property markets.

On 27 January 2005 an investment of £150,000 was made in Pactolus East European
Property Limited, which is a newly formed UK based and managed property
development, trading and investment company that is primarily focused on
opportunities in the residential property market in Budapest, Hungary.

On 16 February 2005, the company made an investment of £303,435 in Ionian
Estates plc which is an AIM-traded investment company which is focusing on the
Croatian property market in areas of leisure and holiday sectors.

Vince Nicholls, a director of the Company, is a director of Griffin Group plc
which is the ultimate holding company of Griffin Two.

The Board of Euro Capital is also pleased to announce the appointment of Stephen
Dean as a Director with immediate effect.

The following information is given in accordance with the AIM Rules:

Mr Dean, aged 55, during the past five years, has been or continues to be a
director or partner of the following companies or entities:

Present: Past:

Griffin Securities (UK)          Artisan (UK) Developments Limited
Griffin Group plc                Weatherly International Public Limited
Pearl Street Holdings plc        Living Heritage Holdings Limited
Interbulk Investments plc        Elite Strategies plc
Euro Investments Fund plc        Artisan (UK) plc
Griffin Group Holdings Limited   Envesta Telecom plc
Process Handling plc             Metrocapital plc
Worldwide Natural Resources      Mercury Group plc
Firenze Ventures plc             Techcreation plc
                                 Euro Capital Projects plc
                                 Croatia Ventures plc
                                 Ionian Estates plc
                                 Best Magazines Limited
                                 Fantasy Publications Limited
                                 Tower plc
                                 Dialog Group Inc
                                 Lupus Capital plc
                                 Remnant Media Limited

Stephen Dean was a director of Chequers Group Plc, which was put into
administrative receivership on 5 August 1992. He was also a director of the
following subsidiaries of Chequers Group Plc which went into administrative
receivership on 3 August 1992 (except Billiards Realisations Limited, to which
an administrative receiver was appointed on 21 August 1992): Forest Gray
(Transport) Limited, International Hotel Interiors Limited, Hemingford
Investments plc, Billiards Realisations Limited and Chequers Europe Limited.
Stephen Dean ceased to be a director of all three companies on 10 February 1992.



Michael Nash Tel: 07717 493495

Beaumont Cornish

Roland Cornish Tel: 0207 628 3396

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