RNS Number:2399Z
Lendu Holdings PLC
29 July 2002

Lendu Holdings PLC (the "Company")



Transfer to the Alternative Investment Market



29 July 2002



The Chairman of the Company is today writing to shareholders stating the
following:


As a small public company, your Directors are very much aware of the need both
to operate and to expand the Company's business in the most efficient and
cost-effective manner.  Accordingly, we have been considering the possibility of
transferring trading in the Company's 5p shares from the London Stock Exchange's
main market for listed securities to its Alternative Investment Market ("AIM"),
which is specifically designed for smaller companies.


The increasing profile of AIM, together with the flexibility afforded to AIM
companies have led us to decide to make the transfer as soon as possible.  The
transfer to AIM will result in the simplification of administration and
reporting requirements and there is expected to be a significant saving in the
costs involved in making substantial new acquisitions.


Application will be made shortly for all of the Company's issued share capital
to be admitted to trading on AIM and it is anticipated that dealings will
commence on 27 August 2002 and that the Company's Official Listing will be
cancelled on the same day. Trading in the shares may then be conducted in the
same way as on the main market, through a broker.



The Company has also appointed Brown, Shipley & Co. Limited to act as its
Nominated Adviser and Broker.



Shareholders should be aware that companies listed on AIM are deemed to be
unlisted for the purpose of certain areas of taxation law which may be of
benefit to them.  However, shareholders should consult their independent
financial advisers on this point.  The Company will still be subject to the
regulatory and disciplinary controls of the London Stock Exchange.



For further information:


Lendu Holdings PLC
Peter Hadsley-Chaplin, Chairman - 01892 516333



Brown Shipley Corporate Finance
Bill Staple, Director - 020 7282 3270



Brown Shipley Securities
Craig Cowan, Director - 020 7282 1595




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