Conversion of Securities

Surgical Innovations Group PLC 10 May 2001 Surgical Innovations Group plc Surgical Innovations Group plc ('the Company') has made an application for 9,280 new ordinary shares of 1p each to be admitted to trading on the Alternative Investment Market. The new shares have been allotted to a holder of the Company's convertible loan notes who has given notice to convert the loan notes into ordinary shares. The loan notes are being converted at the rate of 26.6667 ordinary shares in the Company for every £1 nominal of convertible loan notes. This equates to a price per ordinary share of 3.75p per share. The new ordinary shares will rank pari passu with the existing ordinary shares It is expected that the new shares will be admitted to trading on 18 May 2001. END
UK 100