LDC London Asia

London Asia Capital PLC
02 May 2007


For immediate release: 2 May 2007


                            London Asia Capital plc


                     Peach Blossom Media withdraws from PLUS

                       Result of Offer for Ordinary Shares

London Asia Capital plc ("London Asia") the UK listed (AIM: LDC.L) Asia focused 
merchant banking group, is pleased to announce that Peach Blossom Media Ltd 
("Peach Blossom" or "the Company"), a company for which London Asia acts as 
corporate advisor, has successfully withdrawn from trading on the UK's PLUS 
market as part of its proposed listing on Malaysia's MESDAQ Stock market, and 
that the offer made by London Asia for PBM shares was accepted by just 0.6% of 
shareholders.

Peach Blossom announced on 16 April 2007 that it intends to delist from PLUS and 
list on Malaysia's MESDAQ Stock Market to attract new funding and finance its 
business expansion plans, where it believes it will be able to attract greater 
interest and liquidity than in the UK, where investors are less familiar with 
its products and strong brand in Asia. Shareholders were given the choice of 
swapping their ordinary shares in the Jersey incorporated company for ordinary 
shares in a new Malaysian holding company, on a pro rata basis. Alternatively 
shareholders could elect to accept London Asia's offer to acquire ordinary 
shares at 24p per share, the closing offer price of Peach Blossom on 
13 April 2007.

London Asia confirms that at the close of trading on 30 April 2007, it has 
agreed to acquire 118,703 ordinary shares in Peach Blossom, representing 0.6% 
of the entire issued share capital for a total consideration of #28,500.

Peach Blossom, which creates, produces and distributes original animation and
children's programmes, has now ceased trading on PLUS. The Board of Peach
Blossom now intends to deregister the Jersey holding company and proceed with
any further corporate restructuring in preparation for an Initial Public
Offering ("IPO") on MESDAQ.

Simon Littlewood, Chief Executive of London Asia Capital, commented: "We are
delighted that virtually all the shareholders elected to retain their holding in
the Company rather than sell out in the cash offer, a clear endorsement of the
Company's decision to shift its listing from London to Malaysia."

"Peach Blossom has made significant progress since listing on PLUS in December
2005, with a number of new contracts signed with leading international groups in
the sector and several industry awards won, demonstrating their position in the
industry. Their financial results reflect their increasing success, with
significant growth in sales and profits since listing."

"Their achievements have not been reflected in the share price, with UK
investors demonstrating little interest in the company. We are increasingly
finding that there is a healthier investor appetite for Asian businesses to
raise new finance in their own region, where investors are more familiar with
the risks and returns, and the businesses brands and products. Peach Blossom's
proposed MESDAQ listing has generated a great deal of interest, and we look
forward to a successful listing in the near future."


For further information please visit www.londonasia.com or contact:

Stephen Lucas                       John West/ Matt Ridsdale
London Asia Capital                 Tavistock Communications
Tel: 020 7355 7928                  Tel: 020 7920 3150




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

END
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