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Creon Corporation (AMED)

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Thursday 25 November, 2004

Creon Corporation

First day of dealings

Creon Corporation PLC
25 November 2004

Not for release in or into the United States, Canada, Australia or Japan.

25 November 2004

Creon Corporation plc

Placing and Admission to trading on AIM

Admission Document Published Today

Creon Corporation plc ("Creon" or "the Company"), the residential property
mezzanine finance company, is today admitted to trading on AIM.

The Company has raised gross funds of £1.493 million, partly by way of a placing
of new ordinary shares.   There are 6,125,000 shares in issue and Creon will
have a market capitalisation on admission of £3.0625 million at the placing
price of 50p a share.  Creon has also entered into an option agreement with
Forestdale Trading Limited, pursuant to which it will be able to call on an
additional £1.6 million of funds during the one month period beginning on 25
July 2005.

This Company will provide mezzanine finance to small and medium sized UK
residential property developers.  The business will be underpinned by the
experience of the Directors and of the members of its project manager, Creon
Equity LLP, who have had a wide-ranging involvement in this market.  The Company
will target property developers with demonstrable track records seeking to
finance developments of between £1.5 million and £5 million in an efficient and
affordable way.  It is proposed that the mezzanine funding will typically be
provided for investments of between £200,000 and £500,000 for periods of
approximately 12 -18 months.  The Directors will seek to spread the available
funds across a wide range of property developers.

Noble & Company Limited is both Nominated Adviser and Broker to the Company.
The solicitors to the Company are Memery Crystal and the accountants are BDO
Stoy Hayward.

Copies of the Admission Document are available during normal business hours on
any weekday (except public holidays) at the offices of Noble & Company Limited,
120 Old Broad Street, London EC2N 1AR for a period of one month from today.

Admission Statistics:

Number of Ordinary Shares in issue on Admission                       6,125,000

Market capitalisation on Admission                               £3.0625 million

Admission and dealings in the Ordinary Shares are expected to commence today, 25
November 2004


Creon Corporation plc
Jonathan Freeman, Executive Director            Tel:         01600 750432

Noble & Company Limited                         Tel:         0131 225 9677
Alasdair Robinson

This announcement has been issued and communicated by and is the sole
responsibility of Creon Corporation plc and has been approved solely for the
purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 by
Noble & Company Limited ('Nobles'). Nobles is acting solely for Creon in
connection with the admission of the ordinary shares in Creon and no one else
and will not be responsible to anyone other than Creon for providing protections
afforded to clients of Nobles nor for providing advice in relation to the
admission.  Nobles is authorised and regulated by the Financial Services

Prices and values of, and income from, shares may go down as well as up. This
announcement does not constitute or form part of, and should not be construed
as, an offer, invitation or inducement to purchase or subscribe for any
securities nor shall it or any part of it form the basis of, or be relied upon
in connection with, any contract or commitment whatsoever.  This announcement is
not intended to form the basis of any investment decision and any decision to
purchase shares to be issued or sold in connection with the admission should be
made solely on the basis of information contained in the Admission Document and
any supplements thereto to be issued in connection with the admission.  This
announcement does not constitute a recommendation regarding the securities of
Creon and does not constitute, and is not to be taken as constituting, the
giving of investment advice by Nobles.

This announcement and the information contained herein is not for publication,
distribution or release in or into the United States, Canada, Australia or

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

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