RNS Number:4777H
Longbridge International PLC
13 February 2003

For immediate release

13/02/2003

                          LONGBRIDGE INTERNATIONAL PLC

                                Convertible Loan


Longbridge International Plc ("the Company")

The Company is pleased to announce that it has issued #200,000 of unsecured
convertible loan notes (the "Loan Notes") to Baronsmead VCT plc ("Baronsmead").
The Loan Notes carry interest at 8 per cent. per annum and are repayable on 28
February 2008. The Loan Notes may be converted into ordinary shares of 2p each
in the capital of the Company ("Ordinary Shares") at any time at the option of
Baronsmead at the rate of 1 Ordinary Share for every #0.60 of Loan Note. On
conversion any amount of accrued interest will be payable in cash. The Loan
Notes can be redeemed early with the consent of Baronsmead.

The proceeds of the Loan Notes will be used to fund the Company's working
capital requirements.

Enquiries:

Matthew Longbottom

Lehmann Communications 020 7266 3020


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