Innobox Plc                                  

                                ("the Company")                                

                                Issue of equity                                

Further to its announcement dated 20 April 2005, Innobox Plc is pleased to
announce that the 9,000,000 new 2p ordinary shares ("New Ordinary Shares") that
were placed by Seymour Pierce Ellis Limited have been issued and allotted,
conditional on the admission of the New Ordinary Shares to AIM.

Application will be made for the New Ordinary Shares to be admitted to AIM and
dealings are expected to commence on 3 May 2005.

For further information, please contact:

Russell Stevens                           07860 562621                         
                                                                               
Chief Executive, Innobox Plc              russell@innobox.co.uk                
                                                                               
David Simmons                             0161 838 9140                        
                                                                               
Westhouse Securities LLP                  david.simmons@westhousesecurities.com
                                                                               



END
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