Advisor Change & Refinancing

Image Scan Holdings PLC
11 October 2004


For Immediate Release                                     11 October 2004





                            IMAGE SCAN HOLDINGS plc
                        ('Image Scan' or the 'Company')


                          Change of Corporate Advisors
                           and Refinancing Proposals



The Company announced that ARM Corporate Finance Limited has been appointed as
the Company's nominated advisor and Keith, Bayley, Rogers Limited has been
appointed as the Company's corporate brokers, both appointments being with
immediate effect.



The Company is also pleased to announce that an offer of £200,000 short term
funding has been accepted to provide the Company with sufficient time to raise
additional long term funding (the 'refinancing proposals') by way of a Rights
Issue and Placing of new equity on terms to be agreed.



In conjunction with the refinancing proposals the Board is conducting a full
review of costs and will implement cost savings where possible. The refinancing
proposals also contemplate a strengthening of the Board.



Contact details:


Mr Nicholas Fox, CEO                                           01664 503 600
Image Scan Holdings PLC

Mr Ian Fenn                                                    020 7512 0191
ARM Corporate Finance Limited

Mr Howard Drummon                                              020 7871 2232
Keith, Bayley, Rogers & Co Limited

Mr Richard Darby
Buchanan Communications                                        020 7466 5000




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