Statement re Suspension

For immediate release

                                                                   3 April 2006

                              Azure Holdings Plc                               

                          ("Azure" or the "Company")                           

                            Statement re Suspension                            

Following the suspension of trading in the Company's ordinary shares this
morning in accordance with Rule 8 of the AIM Rules, Azure announces that, in
accordance with its strategy, it continues to seek a suitable acquisition which
the board intends to identify and complete within six months.

At present, however, Azure is not currently holding discussions with any
company regarding an acquisition which would constitute a reverse takeover
under the AIM rules.