CBO Cabouchon

RNS Number:6293G
Cabouchon Collection PLC (The)
24 January 2003


for immediate release


            Cabouchon Collection plc ("Cabouchon" or the "Company")

                                 Share Exchange


Cabouchon announces that it has participated in the placing ("Placing") recently
completed by Jubilee Investment Trust PLC ("Jubilee").  Jubilee is a new
investment trust which has been set up to invest in securities traded on a range
of public markets, primarily in the United Kingdom.  Jubilee's principal
strategic objective is to generate capital appreciation in the medium and long
term through investment in a broadly diversified portfolio of securities, which
it believes have potential but are being neglected by investors in current
market conditions.

Jubilee raised #13,484,039 in qualifying securities pursuant to the Placing, and
was admitted to the Official List of the United Kingdom Listing Authority and to
trading on the London Stock Exchange's market for listed securities today.

Under the terms of the Placing, Cabouchon subscribed for 450,000 ordinary shares
in Jubilee ("Jubilee Shares") at a price of 100p per share, which was settled by
the issue to Jubilee of 9,000,000 new ordinary shares of Cabouchon at a price of
5p.  Application has been made for these shares to be traded on AIM and
admission is expected to become effective on 31 January 2003.  Jubilee's holding
in Cabouchon will represent approximately 29.4% of Cabouchon's issued share
capital following the issue of the new shares.

Cabouchon has agreed not to dispose of any part of its holding of Jubilee shares
for a period of three months from Admission and has further agreed to be limited
to selling a maximum of 10% of its initial holding of Jubilee shares in each
month thereafter.

Cabouchon's managing director, Julie Wing, commented: 'We are extremely pleased 
to have participated in the successful launch of Jubilee, whose strategy brings 
some much needed innovation to the business of capital raising for the smaller 
plc. We will utilise the Jubilee Shares to secure further working capital 
finance for the development of our business.


For further information, please contact:

Julie Wing: 01843 221122

24 January 2003


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