Issue of Equity

CORSIE GROUP PLC                                

                                ISSUE OF EQUITY                                

The Board of Corsie Group plc (the "Company") announces that it has placed
25,000,000 new ordinary shares at a price of 2 pence per share, raising £
500,000 before expenses. The proceeds of the placing will be used to provide
the Company with additional working capital resources and allow it to increase
its order intake.

Subsequent to the placing referred to above the newly enlarged issued share
capital of the Company will be 192,416,664 ordinary shares of 0.1 pence.

Application has been made for the 25,000,000 new Ordinary Shares of 0.1p each
in the Company to be admitted to trading on AIM and it is anticipated that such
admission will become effective and that dealings in the new ordinary shares
will start on 19 February 2007.