Statement re Investments

Eurovestech PLC
06 November 2003



                                                                      Embargoed
                          Not to be released until 6th November, 2003 at 9.00am



                        Eurovestech Plc ('Eurovestech')

                      Substantial contract win for Magenta



Eurovestech is pleased to report that Magenta Corporation Limited ('Magenta')
has won a significant order from a leading shipping management firm based in
London. As part of this substantial contract, Magenta software will be
implemented in February 2004. It is intended that the solution will support
operations for matching cargos to best available vessels at any point in time
using Magenta's pioneering multi-agent systems platform.


Eurovestech is Magenta's lead investor and owns 33 per cent. of Magenta's fully
diluted share capital.


Richard Bernstein, Chief Executive of Eurovestech commented: 'This contract win
provides tangible evidence that Magenta is making significant progress in
fulfilling its potential. We look forward to Magenta's future with confidence.'


Further enquiries:


Eurovestech Plc


Richard Bernstein

Chief Executive Tel:                                             0207 491 0770



About Magenta


Magenta is a London-based company, specialising in the commercial application of
agent technology. Through collaboration with end users, software developers and
solution integrators, Magenta aims to help enterprises cope with today's
increasing demand and supply uncertainties. Magenta is a leading provider of
multi-agent technology, which can be used within a variety of applications such
as within the supply chain execution market. Further information about Magenta
is available at www.magenta-technology.com




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