UK - Interregnum share placing and acquisition

Guy
22 February 2006

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Further to obtaining shareholder approval to all of the resolutions proposed at the extraordinary general meeting on Tuesday 21 February, the board of Interregnum has announced that it has raised a total of ТЃ10m (before expenses) via a placing of 151,515,152 shares with institutional investors at a share price of 6.6 pence. The institutional investors to the placing are: Schroder Investment Management, Artemis Investment Management and Liontrust Asset Management.

In addition, the board has completed the acquisition of 100% of the issued share capital of Quayside Corporate Services Ltd in consideration for the issue of 90,909,091 new Interregnum shares and a cash amount equal to the net assets of Quayside on 28th February 2006.

The consideration shares will represent 27.1% of the enlarged issued share capital of Interregnum following completion of the placing and the acquisition.

Quayside is led by David Mills, managing director, who will join the board of Interregnum with immediate effect.

Application will be made for the 242,424,243 ordinary shares to be issued and be admitted to trading on AIM. Dealings will commence in the new ordinary shares today, the 22nd February 2006.The total number of shares in issue is now 334,849,496.