AUS Amteus

    Embargoed for release at 7.01 am on 6 March 2007

                                  Amteus plc                                   

                   ("Amteus", the "Company" or the "Group")                    

                         Placing to raise �3.5 million                         

Amteus, the provider of private and secure IP based business communications
software, announces that it has conditionally raised �3.5 million, before
expenses, from the placing by John East & Partners Limited ("John East &
Partners") of 4,862,500 ordinary shares in the capital of the Company
("Ordinary Shares") at 72p (the" "Placing Price") per share (the "Placing
Shares") with institutional and other investors.

The net proceeds of the placing, amounting to �3.14 million, will be applied to
provide additional working capital to support the product launch of the
Company's private and secure instant messaging product, to repay a short term
bank facility of up to �75,000 and to repay a build-up of trade and other
non-related party creditors.

Mr Michael Abrahams (Chairman), Mr Simon Duffy (Non-Executive Director) and The
Right Honourable Michael Howard QC MP (Non-Executive Director) have subscribed
for 20,900, 118,100 and 48,700 Placing Shares and on Admission of the Placing
Shares to trading on AIM they will hold Ordinary Shares representing 0.17, 0.30
and 0.12 per cent. of the then enlarged issued share capital of the Company,
respectively.

In addition, Jeffrey Morris, Executive Deputy Chairman of the Company, has
agreed to capitalise loans (together with accrued interest) amounting to
approximately �792,000 into 1,100,000 Ordinary Shares at the Placing Price.

As the issue of the Placing Shares utilises most of the directors' available
authority to issue shares for cash, �108,000 of the loans will be capitalised
on Admission by the issue of 150,000 Ordinary Shares (the "Initial Debt
Capitalisation Shares") and the balance of �684,000 will be capitalised by the
issue of 950,000 Ordinary Shares following the Company's next Annual General
Meeting, at which resolutions seeking to renew the directors' authorities to
issue shares will be proposed.

Following the initial capitalisation of the loans, Mr Morris will have a
beneficial interest in 19,761,670 Ordinary Shares, representing 50.05 per cent.
of the then enlarged issued share capital of the Company. Following the
capitalisation of the balance of the loans, Mr Morris will have a beneficial
interest in 20,661,670 Ordinary Shares, representing 51.22 per cent. of the
then enlarged issued share capital of the Company (assuming that no further
shares are issued before the next AGM).

Following the issue of the Placing Shares and the Initial Debt Capitalisation
Shares, the Company will have 39,487,078 Ordinary Shares in issue. Application
will be made for the Placing Shares and the Initial Debt Capitalisation Shares
to be admitted to trading on AIM. Dealings in these shares are expected to
commence on 12 March 2007.

 

Enquiries:

Amteus plc                                                       01756 770376
                                                                             
Michael Abrahams (Chairman)                                     020 7628 2200
                                                                             
John East & Partners Limited                                     01756 770376
                                                                             
John East/Simon Clements/Johnny Townsend                                     
                                                                             
Rawlings Financial                                                           
                                                                             
John Rawlings                                                                





END

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