EVN Environ Group

RNS Number:5816C
Europe Vision PLC
21 August 2007

                                        
                                Europe Vision plc
                                ('the Company')


              Statement RE: Events concerning Europeinvestment A/S,
                          (formerly Live Networks A/S)


On 8 August 2007 the Stockholm offices of Europeinvestment A/S were visited by
Swedish police officers to carry out a warrant issued by Danish police after a
shareholder in Europeinvestment A/S made allegations relating to price
manipulation. The Danish authorities are investigating four matters in 2005 and
2006. Aside from examining the records of Europeinvestment A/S, the police wish
to interview all management and Board members since 2005. David Lowe and Simon
Denton, who are current Board members of the Company, were Board members of Live
Networks A/S, (now called Europeinvestment A/S) during 2005.

Danish procedure is that if an individual is to be interviewed by the police he
must first be charged with the alleged offence about which he is being
questioned. Following such interviews the Danish prosecuter decides whether or
not to take the case forward or drop the charges.

Therefore although Europeinvestment A/S and all Board members past and present
of Europeinvestment A/S since 2005 have been charged with price manipulation
related offences by the Danish police, we understand that the equivalent status
in the UK is that those involved are helping the police with their enquiries.

Mr. Lowe and Mr. Denton have instructed counsel and have voluntarily offered to
co-operate with the giving of information, (to the extent that they have any).
The Danish police have in return undertaken that, when the two are interviewed,
they will not be arrested and that their involvement for the time being will
only be for the giving of information.

In summary the charges are that:

1. Europeinvestment A/S incorrectly claimed to be the owner of an adult movie
library valued at approximately 100 million DKK;

2. Europeinvestment A/S announced its major shareholder, Aladdin Investment
Services Ltd., had sold 12 million shares to third parties at 11.5DKK per share,
when this was not true;

3. When the Europeinvestment A/S business was sold to Tritel Investments in
return for Tritel Media shares, (which then converted into Europe Vision plc
shares upon reverse takeover) that Tritel Investments was not capable of so
carrying on that business;

4. Europeinvestment A/S announced an offer that Tritel Investments intended to
make a share swap with all shareholders which did not then happen.


Mr. Lowe and Mr. Denton resigned from the Board of Europeinvestment in December
2005. The first two charges are alleged to have taken place when Mr. Lowe and
Mr. Denton were members of the Europeinvestment A/S Board.

In response to the first charge there is a contract executed with the film
library licensor and Europeinvestment A/S had the film library independently
valued by a major accountancy firm, resulting in the valuation claim of 100
million DKK.

In response to the second charge, the transaction was not one with which
Europeinvestment A/S was involved, it being a shareholder transaction. All
Europeinvestment A/S did was make an announcement in good faith based on
information supplied by its shareholder in accordance with stock exchange rules.

The third and fourth charges relate to a time when neither Mr. Lowe nor Mr.
Denton were on the Board of Europeinvestment A/S and were not involved in any
way.


The Company's existing relationship with Europeinvestment A/S is as follows:

1. Europeinvestment A/S is a substantial shareholder in Europe Vision;

2. The two companies have agreed a joint film script development fund. Europe
Vision plc has received written confirmation from Europeinvestment A/S that the
recent events have no impact thereon;

3. There is no common management control between the two companies;

4. Castro Khatib is a consultant to Europe Vision, (but not on the Board) and he
is Managing Director of Europeinvestment A/S;

5. Aladdin Investment Services Ltd is a major shareholder in both companies and
provides financial support for both. Europe Vision plc has a partially drawn
line of credit and has received written confirmation from Aladdin Investment
Services Ltd that the recent events have no impact thereon.


It is the Board of Europe Vision plc's view that this situation has no material
impact on the business of the Company nor on its financial standing or the line
of credit at its disposal from Aladdin Investment Services Ltd. As stated in its
Annual Report and Accounts of 24 July 2007, the Company expects to be in
operational profit in the coming year and the events relating to
Europeinvestment A/S do not alter that position. It is emphasised that these are
matters which do not directly relate to the Company and that accordingly it
relies for information on that given by Europeinvestment A/S and Aladdin
Investment Services Ltd. who are third parties to the Company.


The Company will release an update to this announcement when appropriate.


                                     - Ends-



Enquiries:

Europe Vision plc
David Lowe, Chairman                    +33 6 8000 1052

Bell Pottinger Corporate and Financial
Olly Scott                                078 1234 5205

KBC Peel Hunt Ltd
Capel Irwin                               020 7418 8897
Richard Newman                            012 1698 2151



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

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