Issue of Equity

Eurovestech PLC
17 February 2004


                                                      TO EMBARGOED FOR 9.00 A.M
                                                            17th February, 2004


                        EUROVESTECH PLC ('the Company')

                                Issue of equity

The Company announces the appointment of Dusko Lukic as Senior Project Manager
with immediate effect. Mr. Lukic has 18 years experience of the European
Stockmarkets, working as an Institutional Stockbroker at Salomon Brothers,
Schroder Securities, and latterly, as a Director of Cazenove.

Mr Lukic's employment package included:

(i)    an entitlement to subscribe for 1.5 million shares at par;

(ii)   the issue of a warrant to subscribe for up to 2.5 million shares at 10p 
       per share at any time up to 13th March, 2005; and

(iii)  the grant of options over 1.5 million shares at an exercise price of 
       10.75p per share under the existing Share Option Scheme.


In addition, a further warrant to subscribe for up to 0.5 million shares at 10p
per share at any time up to 13th March, 2005 has been issued to an existing
employee.

Application will be made for 1.5 million new ordinary shares in the Company to
be admitted to AIM and it is expected that dealings in these shares will
commence on 24th February, 2004.


Further enquiries:

Eurovestech plc
Richard Bernstein, Chief Executive Tel: [phone]


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