Result of the cash placing

AssetCo PLC
07 February 2008


For Immediate Release                                            7 February 2008
                                        
                                   AssetCo plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR
ANY  JURISDICTION IN WHICH SUCH PUBLICATION IS UNLAWFUL

                   Result of the cash placing (the 'Placing')

AssetCo plc ('AssetCo' or the 'Company') is pleased to announce the successful 
completion of the Placing announced earlier today. A total of 3,359,932 new
ordinary  shares of 25 pence each (the 'Placing Shares') have been placed, by
Hoare Govett  Limited ('Hoare Govett') and Kaupthing Singer & Friedlander
Capital Markets Limited  ('Kaupthing'), with institutional investors at a price
of 188 pence per share,  raising approximately £6.3 million before commissions
and expenses.  The Placing  Shares represent in aggregate approximately 5% of
the current issued share capital  of the Company.

The Placing Shares will be issued credited as fully paid and will rank pari
passu  in all respects with AssetCo's existing ordinary shares of 25 pence each,
including  the right to receive all dividends and other distributions declared,
made or paid  after the date of issue.

The Placing is conditional on, inter alia, admission of the Placing Shares to
trading  on the AIM market ('AIM') of the London Stock Exchange plc
('Admission') becoming  effective by not later than 8.00 a.m. on 12 February
2008.

Application has been made to the London Stock Exchange plc for Admission.  It is
expected that settlement will occur, Admission will become effective, and that 
dealings in the Placing Shares will commence, on 12 February 2008.

Enquiries:

AssetCo plc

John Shannon, Chief Executive Officer                       [phone]
Frank Flynn, Chief Finance Officer

Hoare Govett (NOMAD and Joint Corporate Broker)
Steve Bowler (Corporate Finance)                            [phone]
John MacGowan (Corporate Broking)                           [phone]
Syndicate
James Baker                                                 [phone]

Kaupthing (Joint Corporate Broker)                          [phone]
Paul Wedge
Nicholas How
Marc Young

Buchanan Communications                                     [phone]
Tim Anderson
Isabel Podda

This Announcement is for information purposes only and does not constitute an
offer  or invitation to acquire or dispose of any securities or investment
advice in any  jurisdiction.

Hoare Govett, which is authorised and regulated by the Financial Services
Authority,  is acting exclusively for the Company and no one else in connection
with the Placing  and will not be responsible to anyone other than the Company
for providing the  protections afforded to customers of Hoare Govett or for
providing advice in  relation to the Placing or any transaction or any other
matters referred to herein.

Kaupthing, which is authorised and regulated by the Financial Services
Authority,  is acting exclusively for the Company and no one else in connection
with the Placing  and will not be responsible to anyone other than the Company
for providing the  protections afforded to customers of Kaupthing or for
providing advice in relation  to the Placing or any transaction or any other
matters referred to herein.

Past performance is no guide to future performance and persons needing advice
should  consult an independent financial adviser.

The information contained in this Announcement is not for release, publication
or  distribution, directly or indirectly, to persons in the United States,
Australia,  Canada, Japan or the Republic of South Africa or in any jurisdiction
in which such  publication or distribution is unlawful. The Placing Shares have
not been and will  not be registered under the US Securities Act of 1933, as
amended, or under the laws  of any state of the United States.  This
Announcement does not constitute an offer  to sell or issue, or the solicitation
of an offer to buy or subscribe for, securities  in the United States, Australia
Canada, Japan or the Republic of South Africa or in  any jurisdiction in which
such offer or solicitation is unlawful and should not be  relied upon in
connection with any decision to acquire Placing Shares or  other securities in
the capital of the Company.  There will be no public offer of  Placing Shares in
the United Kingdom or elsewhere.






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