Statement re Investment

Eurovestech PLC
18 June 2002



                                                                    18 June 2002



                        Eurovestech plc ('Eurovestech')

           Tevet closes a strategic investment, expands operation and
                          positions company for growth


Eurovestech is pleased to report that one of its investee companies, Tevet
Process Control Technologies Ltd.('Tevet'), has successfully completed a
$3million strategic investment round, led by West-Steag Partners GmbH.
Eurovestech invested $100,000 in this round of funding, which follows an initial
$300,000 investment in October 2000.  Eurovestech now owns 4.5 per cent. of the
issued share capital of Tevet.

Tevet has developed a measurement system for measuring, monitoring and
controlling production parameters for the manufacture of silicon wafers.  During
the last year, Tevet has focused its efforts on demonstrating and enhancing its
integrated metrology solutions in beta sites at leading semiconductor
manufacturing companies and processing equipment companies.

Richard Bernstein commented, 'Tevet's success in raising significant finance
against such a tough semiconductor and funding environment is a huge endorsement
of its technology and commercial potential.  It is particularly encouraging that
the value of our initial investment has been maintained against this backdrop
and augurs well for any recovery.'

Enquiries:

Eurovestech plc
Richard Bernstein - Chief Executive
[e-mail]                  Tel: [phone]






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