RNS Number:5799H
AFA Systems PLC
17 February 2003



AFA Systems plc
Holding in Company
                             17 February 2003



On 30 January 2003, AFA Systems plc ("AFA" or "the Company") announced that its
proposed placing of #2 million ("the Placing") had been approved by shareholders
at an EGM.  The ordinary shares of 5 pence each associated with the Placing were
admitted to AIM on 31 January 2003.



The Company was notified on 14 February of the following disclosable interests
in the ordinary shares of 5p of the Company, as a result of the participation by
the party named below in the Placing.


Name                                  Number of       Number of       Total resultant Percentage of
                                      shares acquired shares          number of       the ordinary
                                      in the Placing  previously held shares in the   shares of the
                                                      in the Company  Company         company held

Glasgow Investment Managers Limited   882,353         675,000         1,557,353       4.35%










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