Result of AGM & EGM

22nd October, 2004

               Eurovestech plc ('Eurovestech' or 'the Company')                

      Result of Annual General Meeting and Extraordinary General Meeting       

The Company announces that at the Annual General Meeting and Extraordinary
General Meeting of the Company held earlier today all the resolutions,
including the authority to allot and issue 47,761,905 Ordinary Shares in
connection with the placing announced on 23rd September, 2004 ('the Placing
Shares'), were duly passed.

Application has been made for the Placing Shares to be admitted to trading on
AIM and it is expected that dealings in the Placing Shares will commence on
28th October, 2004.

Enquiries:

Richard Bernstein

Chief Executive Telephone [phone]

John East & Partners Limited

David Worlidge/ Simon Clements Telephone [phone]