Issue of Equity

Eurovestech PLC
03 October 2003


                                                           FOR IMMEDIATE RELEASE
                                                                                
                                                                                
                                                                 3 October, 2003

                                        
                Eurovestech plc('Eurovestech' or 'the Company')
                                        
                                        
        Proposed placing of 30,909,090 Ordinary Shares at 5.5p per share
                                        

Introduction


The Company is proposing to issue to certain institutional investors, in
aggregate, 30,909,090 new Ordinary Shares at 5.5p per share, to raise £1,700,000
before expenses ('the Placing'). The net proceeds of the Placing will amount to
approximately £1,690,000. The Company believes that its portfolio is achieving
significant progress in several high growth markets and the Placing proceeds
should enable it to accelerate the returns from these investments, whilst also
allowing the Company to take advantage of other targeted quoted investment
opportunities.


Richard Bernstein, Chief Executive of Eurovestech, commented: 'we believe that
the calibre of new institutional shareholders represents an objective
endorsement of our approach as well as our prospects. Raising funds at the
placing price, which is above the IPO price of March 2000, should enable us to
fully capitalise on the major opportunities ahead.'


It is the Directors' view that the Placing is an efficient way of raising funds
and is substantially more cost effective than marketing a Placing more widely.


The Placing is conditional, inter alia, on the admission of the Placing shares
to trading on AIM. Application will be made for the Placing shares to be
admitted to trading on AIM and dealings are expected to commence on 16 October
2003.



Enquiries;



Richard Bernstein        Eurovestech plc               020 7491 0770


David Worlidge           John East & Partners           020 7628 2200
Simon Clements           Limited








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