RNS Number:0631W
Cubus Lux plc
03 May 2007


                                  CUBUS LUX PLC
                                        
                         PLACING TO RAISE #1.56 MILLION


Cubus Lux plc ("Company"), the Croatian leisure and tourism company, today 
announces the successful placing of 9,570,000 new ordinary shares of 1 penny 
each in the Company ("Ordinary Shares") at a price of 16.275p per new Ordinary 
Share, raising #1,558,000 for the Company, before expenses.

The funds raised will be used for working capital purposes and for the 
development of two new real estate projects around Zadar, Croatia.  The first 
project is a mixed commercial/residential building close to the city center of 
Zadar. The second project is also a mixed commercial/residential 5 storey 
building that is in close proximity to the Borik hotel and resort area and the 
Borik marina.

Application has been made for the new Ordinary Shares to be admitted to AIM and 
dealings are expected to commence on 10 May 2007.  Following the placing, the 
number of Ordinary Shares in issue will be 97,452,518.

Gerhard Huber, Chairman of Cubus Lux, commented: "We are very pleased to raise 
these additional funds which will enable us to develop these interesting 
projects in Zadar.  Whilst Cubus Lux's current focus remains on resorts, marinas 
and casinos, these projects present tremendous opportunities in close proximity 
to our existing sites on Dalmatian coast."



For further information please contact:

 Cubus Lux Plc
 Stephen McCann, Director                                  +385 (0) 99 214 9636

 Blue Oar Securities*
 Oliver Cairns/Romil Patel                                        020 7448 4400

 Threadneedle Communications
 Graham Herring/Alex White                                        020 7936 9605

*Blue Oar Securities was formerly Corporate Synergy and acts as Nominated 
Adviser & Broker for the Company



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

END
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