Proposed Sale of Investment in ToLuna

14 February 2011

                                Eurovestech plc                                

                       ("Eurovestech" or the "Company")                        

                     Proposed sale of investment in ToLuna                     

Eurovestech is pleased to announce that ToLuna plc ("ToLuna"), its largest
investee company, has today announced the terms of an acquisition of ToLuna by
ITWP Acquisitions Limited ("ITWP") to be implemented by way of a scheme of
arrangement under Part 26 of the Companies Act 2006 ("Scheme"). ITWP is a newly
incorporated company formed for the purpose of implementing the acquisition.
ITWP is supported by Verlinvest SA, a significant shareholder in ToLuna.
Following completion of the acquisition Frédéric-Charles Petit, Founder and
Chief Executive of ToLuna, will be appointed as a director of ITWP.

Eurovestech has provided an irrevocable undertaking to vote in favour of the
Scheme (including the required resolutions) in respect of its entire beneficial
holdings of ToLuna shares amounting to 14,907,917 ToLuna shares. In addition,
Eurovestech has also given ITWP an irrevocable undertaking to elect to receive
all of its consideration under the Scheme 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. To the extent that any other ToLuna shareholders
the subject of the Scheme elect to receive ITWP Shares, B loan notes or C loan
notes, then the consideration payable to Eurovestech will be scaled back
appropriately and will be replaced with cash on a £1 for every £1 of nominal
value of ITWP Shares, B loan notes or C loan notes.

Under the terms of the Scheme ITWP will commit to redeem by 30 June 2011 B loan
notes in the amount of £25 million. Verlinvest SA has procured an irrevocable
bank guarantee for a total amount of £25 million be provided in favour of ITWP
to guarantee ITWP's payment obligations under the B loan notes. After 30 June
2012, any loan notes which remain outstanding will 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. Neither the B loan notes nor the C loan
notes will bear any interest.

Eurovestech expects that it will hold approximately 9.8 per cent. of the issued
share capital of ITWP following the Scheme becoming effective. Immediately
following the issue of its ITWP Shares, Eurovestech will enter into a
shareholders' agreement with certain other shareholders of ITWP, as holders of
more than five per cent. of the ITWP Shares.

In conjunction with the proposed acquisition of ToLuna, Eurovestech has
provided an indemnity up to a maximum liability of £2.6 million which is
payable in certain circumstances.

Eurovestech's total cost of investment in ToLuna was £2 million. Since ToLuna
was floated on AIM in 2005, Eurovestech has realised £14.9 million from the
sale of ToLuna shares. Accordingly, following receipt of at least £22.5 million
following repayment on 30 June 2011, Eurovestech will have realised in cash at
least £37.4 million and will hold loan notes with a nominal value of £12.2
million and approximately 10 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]