NTWX Nettworx

RNS Number:0064W
Nettworx PLC
21 December 2005


This announcement and the information contained herein is restricted and is not
for publication, release or distribution in whole or in part in the Republic of
 South Africa, Canada, Australia, the Republic of Ireland, Japan or the United
                               States of America


                                  Nettworx plc
                         ("Nettworx" or "the Company")

                          First Day of Dealings on AIM


Nettworx plc ("Nettworx"), a newly-incorporated company that intends to invest
in the fast-growing area of voice, video and data networks, is pleased to
announce its flotation on AIM today.

* Placing Price of 10p per ordinary share

* Based on the above Placing Price per share the market capitalisation of
  Nettworx will be approximately #11.1 million.

* Net proceeds of the Placing will be approximately #9.4 million for the
  Company

* Proceeds will be used to provide the funds needed by the Company to
  identify and carry out due diligence on potential acquisitions and 
  investments, to fund investments and to provide working capital for the 
  company's initial operations in line with its acquisition strategy.

* The Company intends to acquire companies and businesses that can
  benefit from the convergence of voice, video and data and has identified a
  number of network companies with existing customers and revenues, that lack
  either the scale or the technological skill sets to capitalise on the
  convergence of technology and telecommunications.

Jonathan Rowland and Jason Drummond, joint executive directors of Nettworx,
said: "We are very pleased to have completed this successful IPO and have been
encouraged by the strong investor support for our plans. We will now begin the
task of evaluating a number of companies with a view to making one or more
acquisitions in 2006."

Canaccord Capital (Europe) Limited is the Company's nominated adviser and
broker.


Contacts:

Nettworx                                                 020 7493 9116
Jason Drummond
Jonathan Rowland

Canaccord Capital (Europe) Limited                       020 7518 2777
Mark Ashurst
Jason Woollard

Maitland                                                 020 7379 5151
Neil Bennett / Brian Hudspith





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

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