Holding(s) in Company

For Immediate Release

                                                               8 December, 2004

                                EUROVESTECH PLC                                

                       ('Eurovestech' or the 'Company')                        

                              Holding in Company                               

The Company has received notification that following recent transactions CG
Asset Management Limited holds, on behalf of its clients, 14,750,000 ordinary
shares in the Company, representing 4.78 per cent. of the issued share capital
of the Company.

These shares are held as follows;

Capital Gearing Trust plc         8,250,000         2.67%                    
                                                                             
C G Portfolio Fund Limited        6,500,000         2.11%