RNS Number:4158B
EPIC Reconstruction PLC
30 July 2004

EPIC RECONSTRUCTION PLC



Trading Update



EPIC Reconstruction Plc ("ER" or "the Company") has performed well since trading
commenced in October 2003, with a continued stream of investment opportunities,
and over fifty reviewed in detail. Seven investments have been completed to
date, and total funds of #6.8m have been invested in the seven portfolio
companies. In addition, a maximum exposure of #17.7m of Eurosales Debtor Book
financing has been placed, yielding a further 3% per annum for the Company on
the amounts outstanding at any time.



Although the Company has made fewer investments than expected when trading
commenced, the average capital invested has been larger than initially
anticipated. The portfolio is well diversified, with all the portfolio companies
in different market sectors. In addition, six of the seven investments have a
significant element of security as a result of the value of their underlying
assets.



The Company has continued to see a strong pipeline of investments, and the
Manager is confident in the potential going forward. ER will provide the next
trading update on the publication of the Interim results.



Enquiries:
Andrew Castle             020 7984 8884


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

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