Galileo publishes Full Prospectus for AIM admissi on

Galileo Innovation plc, a Cheshire-based business accelerator fund launched in November 2001 as facilities Corporate Management, has published its full prospectus relating to its placing and admission to trading on the Alternative Investment Market of the London Stock Exchange. Galileo has announced a placing price of 16 pence per share, giving a market capitalisation at the placing price of approximately £14m. The company plans to identify British inventions that have significant potential and to provide the expertise and financing necessary to enable investors to commercialise their ideas. The placing of £6m, which is all new money, has attracted high levels of interest resulting in significant demand for the shares. The company will use the proceeds to provide capital for further investments, infrastructure and working capital for future growth. Dealings commence on Tuesday 5th February 2002. Galileo has also announced the appointment of Martin Varley as Chief Executive Officer and Sir Anthony Jolliffe as a non-executive director.

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