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Addworth PLC (ADW)

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Friday 06 January, 2006

Addworth PLC

Issue of Equity

Addworth PLC
06 January 2006

6th January 2006
Addworth Plc

                                  Addworth Plc

                    Starvest Plc takes stake in Addworth Plc

Addworth Plc, the AIM 'active capital' investor, announces that Starvest Plc has
invested £180,000 in 8 million new ordinary shares in the Company at a price of
2.25p per share, thereby giving it a 12.31% stake in the enlarged equity of the

At the same time Addworth has granted Starvest warrants to subscribe for 8
million new ordinary shares at a price of 3p per share, which on exercise will
raise £240,000 for the Company, and a further 8 million new ordinary shares at a
price of 5p per share, which on exercise will raise £400,000 for the Company,
exercisable at any time within the subsequent five years from the date of grant.

Executive Chairman Mark Watson-Mitchell commented that

'We are absolutely delighted that Starvest has taken such a positive view on
Addworth's activities. That company's investment strategy has a similar profile
to our own and we can envisage a very useful corporate connection as both
companies advance.

At this early stage in our own development we are still taking strategic
investments that commit us to our investee companies for a medium-term view. The
availability of such further funding gives us much greater scope as we invest in
undervalued situations and help to bring further companies to market, thereby
providing the ability to enhance capital growth.'

For further information

Addworth Plc                                                020 7638 8750
Mark Watson-Mitchell, Executive Chairman          

Notes to Editors

Addworth (ADW), is as an 'active capital investor'. Its focus is upon the growth
of capital value and the generation of fee income from: establishing and funding
newly quoted companies on both the AIM and OFEX markets; acquiring and
developing companies with growth potential; and taking minority equity positions
in undervalued smaller listed companies.

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