Proposed return of cash to Shareholders

23 June 2011

                                Eurovestech plc                                

                       ("Eurovestech" or the "Company")                        

                    Proposed return of cash to Shareholders                    

Eurovestech is pleased to announce that it has received £25 million in cash
from ITWP Acquisitions Limited ("ITWP") in accordance with ITWP's commitment
under the terms of the scheme of arrangement for ToLuna plc ("the Scheme of
Arrangement"). Eurovestech continues to hold loan notes with a nominal value of
£12.2 million and approximately 10 per cent. of the issued share capital of
ITWP, the holding company of ToLuna Limited (formerly ToLuna plc). ITWP may
redeem the remaining loan notes before 30 June 2012 and to the extent such loan
notes are not redeemed, they will be converted into shares in ITWP.

At the time of the announcement of the Scheme of Arrangement, Eurovestech
provided an indemnity up to a maximum liability of £2.6 million which was
payable in certain circumstances. This indemnity has now been extinguished at
no cost to the Company.

It is the current intention of the directors of Eurovestech to recommend the
return to shareholders of in excess of half of the £25 million proceeds and
will provide an update as to the most appropriate method of capital
distribution following consultation with the Company's major shareholders.

Further information:

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

Note to Editors:

Eurovestech's total cost of investment in ToLuna plc was £2 million. Since
ToLuna was floated on AIM in 2005, Eurovestech has received dividends amounting
to £1.1 million from ToLuna and realised £39.2 million in cash from the sale of
ToLuna shares.