Investment in Gordian

Blue Star Capital plc
04 March 2005


For immediate release                                                                                       4 March 2005

                             BLUE STAR CAPITAL PLC
                         ('Blue Star' or 'the Company')

                      Investment in Gordian Investments plc

Blue Star Capital plc (AIM: BLU), the company created to provide seed capital
for early stage companies, is pleased to announce it has taken a 24.4 per cent
stake in Gordian Investments plc ('Gordian'), a company that today begins
trading on the AIM market of the London Stock Exchange.

Gordian, which will trade under the ticker symbol GOR, is a newly formed company
established to capitalise on acquisition and investment opportunities in the
technology, media and telecoms sector.

Blue Star invested £275,000 in Gordian, in return for 24.4 per cent of the
company's shares.

Nigel Robertson, Blue Star Capital's Chairman, said: 'When Blue Star floated
last year we expected to deliver an encouraging level of dealflow. This latest
investment highlights our progress, while further diversifying our portfolio
into the TMT sector.'

                                      ENDS

For further information:

Blue Star Capital plc                                     Tel: [phone]
Nigel Robertson, Chairman
Haresh Kanabar, Chief Executive

Durlacher Limited                                         Tel: [phone]
Jonathan Retter
Katherine Roe

Buchanan Communications                                   Tel: [phone]
Mark Court
Elly Williamson


                      This information is provided by RNS
            The company news service from the London Stock Exchange