HOODLESS BRENNAN TO MAKE MARKETS IN OFEX SECURITIES

The OFEX Membership Committee is pleased to announce the approval of the
application from Hoodless Brennan ("Hoodless") to join the OFEX market place as
a market maker member - a "specialist".

Similar to the approval of Winterflood Securities earlier in the month, the
approval for Hoodless is conditional upon the move of the OFEX market into a
competing quote driven system during 2004, and is therefore subject to
appropriate regulatory and technical approvals. 

Jonathan Jenkins, Joint MD of OFEX said: "We are delighted to add Hoodless to
the growing crop of potential competing market makers on OFEX in 2004.  We now
have four lined up already - Hoodless Brennan, J P Jenkins Ltd, Teather &
Greenwood and Winterflood Securities. The reaction from the media and market
place so far has been extremely positive, and the addition of Hoodless
maintains the momentum of the expansion of OFEX in 2004. We have dialogue
ongoing with other market makers, and will release any further additions upon
membership approval. Simon Brickles, former head of AIM and incoming consultant
to OFEX, will prove invaluable in ensuring the smooth execution of this
expansionary process."

Stephen Greenwood, Chief Executive of Hoodless Brennan, commented:  "As OFEX
continues to develop we believe that it will become the preferred market for
smaller companies. Given our established strengths in the sector, as both
market maker and corporate broker, we are very pleased to have gained approval
as a specialist member."

NOTES TO EDITORS

ABOUT HOODLESS BRENNAN

Hoodless Brennan is fully FSA regulated, offering full service stockbroking
services to private clients. Its award winning on-line share execution-only
share dealing facility, at www.hoodlessbrennan.com, is recognised as the lowest
priced service in the industry.

It is a leading specialist in AIM and small company capital markets, offering
market making services and detailed analysis into the sectors. Hoodless Brennan
is an AIM corporate broker, providing flotation, fundraising and monitoring
services to its corporate clients. 

For further information please contact Stephen Greenwood on 020 7538 1166 or
info@hoodlessbrennan.com

ABOUT OFEX

OFEX plc operates the OFEX market in the United Kingdom.  The OFEX market
provides a share trading platform for the securities of unlisted and unquoted
companies.  OFEX plc is authorised and regulated by the Financial Services
Authority. In its brief history, OFEX has created a market in which over 450
companies have raised over GBP1bn using the broad membership of Member
corporate advisers and broker/dealers.

OFEX Holdings plc successfully floated on the London Stock Exchange's
Alternative Investment Market in late April 2003.

For further information please contact Jonathan Jenkins on 020 7423 0800 or
enquiries@ofex.com



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