Further re Sale of ToLuna Plc

2 July 2012

                                Eurovestech plc                                

                       ("Eurovestech" or the "Company")                        

                   Further re. sale of investment in ToLuna                    

Eurovestech is pleased to announce that following the conversion of all the
outstanding loan notes issued by ITWP Acquisitions Limited ("ITWP"), in
connection with its acquisition of ToLuna plc ("ToLuna") in April 2011, into
ordinary shares of £0.01 each in the capital of ITWP ("ITWP Shares"), the
Company is now interested in 16.5 per cent. of the issued share capital of
ITWP, which owns the entire issued share capital of ToLuna.

On 14 February 2011, Eurovestech announced that ToLuna, its largest investee
company, had announced the terms of the acquisition of ToLuna by ITWP which was
implemented by way of a scheme of arrangement under Part 26 of the Companies
Act 2006 ("Scheme").

Under the terms of the Scheme, Eurovestech received consideration in the form
of 1,051,828,838 ordinary shares of £0.01 each in the capital of ITWP ("ITWP
Shares") and £35,000,000 in nominal value of B loan notes and £2,187,046.02 in
nominal value of C loan notes to be issued by ITWP. On 23 June 2011, the
Company announced that it had received £25 million in cash following the
repayment of £25 million nominal of B loan notes.

Under the terms of the Scheme any loan notes which remained outstanding at 30
June 2012 were to be compulsorily convertible into ITWP Shares, subject to
conditions, at a rate of one ITWP Share for each 1 penny in nominal value of
loan notes. At 30 June 2012, £10,000,000 in nominal value of B loan notes and £
2,187,046.02 in nominal value of C loan notes to be issued by ITWP remained
outstanding. Accordingly, Eurovestech has been issued with 1,218,704,602 ITWP
Shares, which brings its total holding to 2,270,533,440 ITWP Shares,
representing 16.5 per cent. of the issued share capital of ITWP.

Further information:

Eurovestech plc                                                                
                                                                               
Richard Bernstein                       Tel: [phone]                     
                                                                               
Chief Executive                         www.eurovestech.com                    
                                                                               
Merchant Securities Limited (NOMAD)                                            
                                                                               
David Worlidge/Simon Clements           Tel: [phone]