RNS Number:8045N
Claims Direct PLC
13 July 2000

                            
                    CLAIMS DIRECT PLC

   MARKET CAPITALISATION OF #338 MILLION ON ADMISSION
                            
   FLOTATION ON THE OFFICIAL LIST OF THE LONDON STOCK
                        EXCHANGE

Claims Direct, one of the UK market leaders in providing
a  service  to individuals who have suffered a  personal
injury  and  who wish to recover damages  from  a  third
party,  is  pleased  to  announce  the  details  of  its
flotation  on  the  Official List of  the  London  Stock
Exchange.

The Company is raising #50 million (#48.0 million net of
expenses)  of  new  money  by  way  of  a  placing  with
institutional  and  other  investors.   A   placing   of
existing  shares is also being carried out  for  certain
selling shareholders.

The  net proceeds of the Placing will enable the Company
to  fund its current operations more efficiently;  allow
expansion  into complementary business areas; and  allow
the  Company  to  take  advantage of  opportunities  for
acquisitions  and  investments  which  the  Company  has
previously been unable to contemplate.

Investec Henderson Crosthwaite, a division of Investec
Bank (UK) Limited, is  Sponsor, Financial Adviser and
Stockbroker to the Placing.  The Placing has been
underwritten by Investec.

Key Points

*  Placing of 27.8 million New Ordinary Shares at 180p
   per share for the Company

*  Placing of 32.1 million Sale Shares at 180p for the
   Selling Shareholders

*  Market capitalisation on Admission including new
   money of #338 million at the Placing Price

Tony Sullman, Executive Chairman, commented:

"We are delighted with the response from investors. Over
the  past  three  years,  the  Group  has  assisted   an
increasing  number  of  claimants  which  has   led   to
significant  and rapid growth and enabled us  to  become
one  of  the  UK market leaders.  The funds raised  will
enable  us  to consolidate our position in  the  UK  and
progress  a number of initiatives which we have  already
planned, all to enable our clients to achieve their goal
of compensation."

For further Information please contact:
Claims Direct                        Tel:  01952 284 800
Tony Sullman / Paul Doona


Investec  Henderson Crosthwaite      Tel: 020  7597 5970
Jag Mundi / David Currie

Buchanan  Communications             Tel: 020  7466 5000
Mark Edwards / Catherine Miles
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