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Creon Corporation (AMED)

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Wednesday 29 June, 2005

Creon Corporation

First Financing Complete

Creon Corporation PLC
29 June 2005

29 June 2005


                        Creon Corporation plc ("Creon")

                          First Financing Completed

Creon, the AIM traded provider of mezzanine finance to the residential property
development sector in the UK, is delighted to announce the successful completion
of the first of a series of financings.  In accordance with Creon's stated
investment strategy, it has provided £400,000 to support a £2.7million project.
The development is for 10 new houses and is located in the Midlands.  Creon will
receive an agreed finance fee when its facility is repaid in twelve months time.

Creon's Director, Jonathan Freeman comments: "We regard this financing as having
an ideal profile for Creon.  Our consultants are currently in an advanced stage
of discussions with a number of other developers and we expect that further
financings will be completed shortly."

Roger Holbeche and Jonathan Lavy of Creon Equity LLP, consultants to Creon,
comment: "We consider this to be an excellent first deal for Creon as we have
known the developer concerned for a long time and have done similar transactions
with him before.  The risk profile and size of this financing are well suited to
Creon and its medium term business objectives".


Company Profile:

Creon's stated investment strategy is to provide mezzanine finance to small and
medium sized UK residential property developers.  The business is underpinned by
the experience of the Directors and of its consultants, Creon Equity LLP, who
have wide-ranging experience in this market.  Creon supports property developers
with demonstrable track records for developments of between £1million and
£5million with funding in amounts of between £250,000 and £750,000 for periods
of approximately 12 to 18 months per development.

For more information please contact Jonathan Freeman, Investor Relations, on
01600 750 432, e-mail: [email protected]


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

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