RNS Number:3475R
Mosaique PLC
27 October 2003

27 October 2003



                                  Mosaique PLC

                              Funding Availability

Mosaique PLC announces it has reached agreement with Cornell Capital, an equity
investor, to provide funding up to two million pounds.

The equity line of credit agreement will enable Mosaique to draw down cash, as
it requires, in exchange for the issue of new ordinary shares.

Amer Deen, Chief Executive of Mosaique, states, "The funding is very flexible
and provides Mosaique with an opportunity to both continue to expand its
existing interests and the resource to make strategic acquisitions in areas
where the Board has expertise.  This development will further enhance
shareholder value as has been demonstrated in the uplift of the share price from
12p to 48.5p since the appointment of the new Board in March 2003."


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