Rights Issue Acceptance Levels

MSW Technology PLC
13 January 2000


MSW Technology plc ('The Company')

The Company announces that, in connection with the Rights Issue of 2,050,250
Units (each comprising 2 ordinary shares of 5 pence each and 1 warrant),
acceptances have been received from shareholders in respect of 978,782 Units
(approximately 47.74%).  A further 965,282 Units (approximately 47.08%),
representing the rights of those directors and former directors who had
committed in advance to waive all or part of their entitlements, were placed
by Gilbert Eliott & Company Limited in accordance with the prospectus dated 29
November 1999.  The remaining 106,154 Units (approximately 5.18%) have been
sold by Gilbert Eliott & Company Limited at a premium to the Rights Issue
price.Fractional entitlements totalling 32 Units have been ignored.

Dealings in the Units, fully paid, will continue until 31 January 2000 and
separate dealings in the new ordinary shares and the warrants will commence on
1 February 2000.

For further information, please contact Robert Drummond on 0171 462 3300.