ACN Advance Capital

RNS Number:1867I
Advance Capital Invest PLC
8 August 2001


                          Advance Capital Invest plc

                           ("ACI" or the "Company")


                      Acquisition discussions terminated

On 27 June 2001, the Board of ACI, the investment vehicle, announced that the
Company was in discussions to acquire the entire issued share capital of IAC
Holdings Limited ("IAC"), a film and television development, finance and sales
agency business.  In light of the current stockmarket conditions, the Board no
longer believes that it is in the best interests of ACI shareholders to
complete the acquisition of IAC, due in part to the fact that it required a
simultaneous fundraising.  Accordingly, discussions with IAC have ended.

At the time of the announcement of the proposed acquisition of IAC, trading in
the Company's shares on AIM was suspended.  It is anticipated that trading
will resume immediately upon release of this announcement.


8 August 2001


For further information, please contact:

Nigel Whittaker                                    Tel: 020 7796 4133
Chairman, Advance Capital Invest


Alistair Mackinnon-Musson / Philip Dennis          Tel: 020 7796 4133
Hudson Sandler                                     Email: aci@hspr.co.uk



Chris Callaway / Henry Turcan                      Tel: 020 7488 4040
Beeson Gregory

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