RNS Number:5185J
Antonov PLC
02 April 2003


Antonov plc ("Antonov")

Placing

Antonov is pleased to announce that it has conducted a placing (the "Placing")
of  4,753,161 new ordinary shares of 5p each in the capital of Antonov ("New
Ordinary Shares") at a price of 24p per New Ordinary Share (the "Placing Price")
raising approximately #1,100,000 (gross) to fund the continued working capital
of the Antonov business.

Antonov expects to make a further allotment pursuant to the Placing of 525,000
New Ordinary Shares at the Placing Price to raise #126,000 (approximately)
before the end of April. 153,733 New Ordinary Shares have also been allotted at
the Placing Price to satisfy expenses.

Under the terms of the Placing for every three shares placed the placee will
receive two warrants to subscribe for a further share at the Placing Price until
31 March 2008.  The issue of certain Warrants pursuant to the Placing is
conditional inter alia upon the passing of a resolution disapplying pre-emption
rights.

Editor's notes

The Antonov Group was formed in 1991 to develop and market the automatic
transmission concept conceived by Roumen Antonov.  The result is a major
simplification of a conventional automatic gearbox which independent assessment
has shown to generate cost savings of 30% to 40%, fuel efficiency improvements
as well as remarkably small size, light weight and improved vehicle dynamics.



For further information please contact:



Roumen Antonov (Chairman)

Antonov plc.

Tel no: 00 33 160038960

END
--------------------------


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

IOEBRGDSSUGGGXB