RNS Number:5518U
Envesta Telecom PLC
22 January 2004





Envesta Telecom plc ("Envesta" or "the Company"), the alternative telephony
provider, announces that it has completed a placing of 30,000,000 shares at
1.75p per share (the "Placing Price"), to raise #525,000 before expenses
(together the "Placing").  The funds will be used assist the Company's expansion
in to Southern Europe and to strengthen the Company's balance sheet.



As part of the Placing, Lyndon Chapman, Steve Evans and Kevin McGovern,
directors of the Company, subscribed for 430,000, 285,000 and 285,000 new
ordinary shares respectively at the Placing Price.



Additionally, Froxfield Consultancy Limited, a company in which Matthew Baker is
beneficially interested, has today sold 4,066,659 ordinary shares at the Placing
Price.  The disposal was made to assist the relocation costs of Mr Baker and his
family as a result of his new position of European Sales Director.



Following the Placing the directors will have the following interests in the
Company:




                          Number of ordinary shares    % of issued share capital


Lyndon Chapman                      535,000                        0.23


Steve Evans                         13,085,001                     5.70


Kevin Mcgovern                      385,000                        0.17


Matthew Baker                       5,770,606                      2.51





Application will be made for the 30,000,000 new ordinary shares to be admitted
to AIM and admission and dealings in the new ordinary shares is expected it
commence on 28 January 2003







For further information please visit www.envestaplc.com or contact:


Lyndon Chapman, Chairman                          Rosie Brown
Envesta Telecom plc                               Tavistock Communications
Tel: 0870 767 7778                                Tel: 020 7600 2288
e-mail: lyndon@envestaplc.com                     e-mail: rbrown@tavistock.co.uk





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