RNS Number:2352T
iTouch PLC
15 December 2003


15 December 2003

                                   iTouch plc

                          ("iTouch" or the "Company")


The Board of iTouch plc, one of Europe's leading mobile value-added service
providers, announces that it has raised approximately #4 million before expenses
through a placing for cash of 14,545,454 new ordinary shares of 1p each.  The
new shares, which represent approximately 3.9 per cent. of the Company's issued
share capital prior to the placing, have been placed with institutional
shareholders at a placing price of 27.5 pence per share. The placing price
represents a discount of approximately 5.2 per cent. to the closing middle
market price on the London Stock Exchange on 12 December 2003.

Application will be made today for the new shares to be admitted to the Official
List of the UK Listing Authority and to trading on the London Stock Exchange.
When issued, the new shares will rank pari passu in all respects with the
Company's existing ordinary shares. Following the placing, iTouch will have a
total of 385,170,656 ordinary shares in issue.

The net proceeds from the share placing, which is being arranged by Collins
Stewart Limited, will be used to fund the expansion of the Company's "direct
channel" model into new territories.


                                     -ends-


Enquiries:

iTouch plc                                          020 7613 6000
Michael Le Houx, Finance Director
Lucy Campbell, Investor Relations Manager

Hudson Sandler
Andrew Hayes
Noemie De Andia,                                    020 7796 4133


                      This information is provided by RNS
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