Statement re Investment

Eurovestech PLC
02 December 2003


2 December 2003

Eurovestech Plc ('Eurovestech')

Knowledge Support Systems Limited ('KSS') Trading Update

Eurovestech is pleased to report that in recent months, KSS, which was acquired
on 27 June this year, has secured significant new orders in both its petrol and
retail businesses. As a result, the business is trading materially ahead of our
expectations. Furthermore, the management of KSS now believes that the company
will be strongly cash generative in 2004. At 30 September 2003, KSS's net cash
was £4.2 million.

KSS provides pricing and revenue management solutions for the retail and
petroleum industries.

Within the petroleum division, KSS has recently won a  €2.1 million contract
from a major European fuels retailer and has secured an extension to an existing
licence agreement with a US fuels retailer. These transactions will continue to
strengthen KSS's reference base.

Within the retail division, KSS has won a £0.3m first stage order from a large
US retailer. This customer relationship has allowed KSS to enhance its retail
product offerings. In addition, KSS has secured an order for consulting services
from a major European grocer and is now pursuing other significant opportunities
in the retail sector.

KSS's operations have been successfully restructured with operating expenses
significantly reduced and the business effectively streamlined, while all key
staff has been retained.

Richard Bernstein, Chief Executive of Eurovestech commented: 'Since completing
the acquisition of KSS, we worked with the senior management, to implement a
major cost cutting exercise combined with a tight focus on winning substantial
new business. We are naturally delighted with both the pace and number of recent
significant client wins and we continue to work closely with KSS's management to
try and ensure that the business continues to build on its success. '



Further enquiries:

Eurovestech Plc


Richard Bernstein
Chief Executive                              Tel: [phone]






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