INO Innobox

    Innobox Plc (the "Company")                          

                                    Placing                                    

16 February 2006

 

The Company is pleased to announce that it has carried out a conditional
placing of 5 million new ordinary shares of 2 pence each ("New Ordinary
Shares") at 2 pence per share to raise �100,000.

 

The shares are to be placed with the directors as a supplement to the placing
through Seymour Pierce Ellis Limited, which was announced on 13 February 2006.
The directors will be subscribing an aggregate of �39,333 in cash for shares,
with the balance being the conversion of unpaid accrued directors'
remuneration.

 

The placing is conditional on the approval of shareholders at the extraordinary
general meeting to be held on 24 February 2006.

 
Enquiries:

 

Russell Stevens                  07860 562621                             
                                                                          
Chief Executive, Innobox Plc     russell@innobox.co.uk                    
                                                                          
                                                                          
                                                                          
Tim Feather                      020 7601 6115                            
                                                                          
Westhouse Securities LLP         tim.feather@westhousesecurities.com      
                                                                          

 



END

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