RNS Number:3383Y
Virtue Broadcasting PLC
05 May 2004


Virtue Broadcasting plc

5 May 2004

Placing

The Board has, today, issued and allotted a total of 95,422,850 new ordinary
shares of 0.1 pence per share through a placing at 3.25 pence per share to
number of institutions, Venture Capital Trusts and other parties, raising
approximately #3.1 million before expenses.

Application has been made for the new shares to be admitted to AIM and trading
in the new shares is expected to commence on Wednesday 12 May 2004.

ENDS



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