FMJ Formjet (See LSE:TQC)

RNS Number:6298L
Formjet PLC
28 April 2005


                              FORMJET PLC ('the Company')

                                    Issue of Equity

Introduction

The Company is pleased to announce that it has agreed terms for a placing of
13,450,000 new Ordinary Shares by the  Company with a number of institutional
investors, through Daniel Stewart & Company PLC ('Daniel Stewart'), in order to 
raise approximately #0.9 million (before expenses) at a placing price of 6.75
pence per new Ordinary Share.

Reasons for the placing

The proceeds of the placing will provide capital for new distribution
opportunities, strategic acquisitions of complementary businesses and to acquire
new purpose-built premises to accommodate the Group's expansion.

Terms of the placing

Conditional, inter alia, on the placing shares being admitted to trading on AIM,
Daniel Stewart has conditionally  placed 13,450,000 new Ordinary Shares with
institutional investors at a price of 6.75 pence per Placing Share, to raise 
approximately #0.9 million before expenses. The Placing is not being
underwritten.

The Placing Shares will rank pari passu with the Existing Ordinary Shares. The 
Placing Shares are expected to be admitted to trading on AIM on 9 May 2005.

Placing statistics:
Placing price                                                         6.75p
Number of placing shares                                              13,450,000
Estimated net proceeds of the placing                                 #850,000
Percentage of enlarged share capital represented by the placing 
shares                                                                16.6%
Number of Ordinary Shares in issue following the placing              80,991,338

Contacts:

Lyndon Chapman, Chairman and Chief Executive           01223 531160
Tom Jenkins, Daniel Stewart & Company plc              020 7374 6789




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

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