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Intellego (ARGP)

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Thursday 04 August, 2011

Intellego

Placing and appointment of Joint Broker






For immediate release
7am on 4 August 2011


                             INTELLEGO HOLDINGS PLC
                         ('Intellego' or 'the Company')

                           PLACING TO RAISE £300,000

                          APPOINTMENT OF JOINT BROKER

The  Board  of  Intellego,  the  AIM  traded  regulatory and compliance focused,
digital  learning business, are pleased to  announce that the Company has raised
£300,000  (before  expenses)  through  the  placing  of 150,000,000 new ordinary
shares  (the "Placing Shares")  at 0.20p per share  ("the Placing"). The Placing
has  been arranged by Allenby Capital  Limited ("Allenby Capital") and Rivington
Street Corporate Finance.

The  net  proceeds  of  the  Placing  will  be  used  to  continue the Company's
acquisition  policy, which the  Board started with  the purchase of PIXELearning
Ltd  announced in May 2011.  The objectives of  the acquisitions will be to grow
the   scale  of  the  business  whilst  acquiring  IP,  profits  and  generating
shareholder value.

The  Placing is conditional on admission of the Placing Shares to trading on AIM
("Admission").   Application has been made to  the London Stock Exchange for the
Placing Shares, which will rank pari passu with all existing ordinary shares, to
be  admitted to trading  on AIM. Admission  is expected to  become effective and
dealings to commence on or around 9 August 2011.

The  Board is  pleased to  announce that  Allenby Capital  has been appointed as
joint  broker to  the Company.  As part  of the  Placing, the Company has issued
Allenby  Capital with warrants to subscribe for 2,907,233 new ordinary shares of
0.05p each  in Intellego (the "Warrants"). The Warrants are exercisable at 0.20
pence per ordinary share for a period of 3 years from Admission.

Following  Admission the number of shares  in issue will be 581,446,682 Ordinary
shares  of 0.05 pence per share. This figure  may be used by shareholders in the
Company  as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest in,
the  share  capital  of  the  Company  under  the Financial Services Authority's
Disclosure and Transparency Rules.


--ENDS--

For further information:

Intellego Holdings plc
Angus Forrest
020 8977 8744

Beaumont Cornish Limited
Roland Cornish
020 7628 3396

Rivington Street Corporate Finance
Jon Levinson/Dru Edmonstone
020 7562 3357

Allenby Capital Limited
Nick Naylor / Nick Athanas
0203 328 5656



NOTES TO EDITORS

About Intellego

Intellego  is a digital  learning company which  specialises in the provision of
productivity   improvement,  compliance  and process  change  using training  to
provide  the solutions.   The appropriate  solution may  be digital  learning or
instructor  lead, or blended learning a mix  of the two, to regulated industries
and distributed workforces.









This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Intellego via Thomson Reuters ONE

[HUG#1536071] 
  



                                                                                                                           

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