Placing and Issue of Equity

4 May 2011

Cubus Lux plc

("Cubus Lux" or the "Company")

Placing and Issue of Equity

The Company announces that it has allotted and issued 3,333,332 new ordinary

shares of 10p each (the "Placing Shares") at 12p per share. The Placing

Shares were issued by way of subscription for cash raising £400,000. The funds
raised will be used to provide additional short term working capital for the
Company.

The Placing Shares represent 11.3 per cent. of the Company's enlarged ordinary

share capital. Application has been made to the London Stock Exchange for the

Placing Shares to be admitted to trading on AIM ("Admission"). It is expected

that such Admission will occur at 8.00 am on 9 May 2011.

Following the issue of the Placing Shares, the Company will have an issued

share capital of 29,396,736 ordinary shares of 10p each. As the Company does

not hold any ordinary shares in Treasury its total number of voting rights

equals its capital. This figure may be used by shareholders as the denominator

for the calculations by which they will determine if they are required to

notify their interest in, or a change to their interest in the Company under

the FSA's Disclosure and Transparency Rules.

For further information about the Company please see www.cubuslux.com or

contact:

Cubus Lux plc Steve McCann [phone]

Northland Capital Partners Luke Cairns/Rod Venables [phone]

(Nominated Adviser)

Hybridan LLP Claire Noyce [phone]

(Broker)