Result of Placing

Image Scan Holdings PLC
29 October 2003


For Immediate Release                                        29 October 2003


                            Image Scan Holdings plc

                               Result of placing



On 1st October 2003, Image Scan Holdings plc ('Image Scan' or the 'Company')
announced a placing of up to 4,500,000 ordinary shares of 1p each at 35p per
share (the 'Placing').



Today, the Company announces that, following the closing of the Placing the
Company has raised £1,080,000 before expenses for ongoing working capital
purposes and to further develop the Company's business.



Nick Fox, Image Scan's CEO today commented 'We are delighted to have comfortably
exceeded our minimum gross funding requirement of £900,000 and believe that this
good response will provide Image Scan with the funds that it needs to move
forward and continue to develop the business as set out in the 'Recent
developments/current trading' section of  the Circular sent to shareholders on
1st October 2003, and the Stock Exchange announcement of the same date.'



Subsequent to the closing of the Placing, the Company has applied for the
Placing Shares, which will rank pari passu with Existing Ordinary Shares, to be
admitted to trading on AIM, and expects that admission will occur on Friday 31st
October 2003.


Pursuant to sections 324 to 328 of the Companies Act 1985 and Rule 15 of the AIM 
Rules the following information falls to be disclosed:


                                                           % of original         % of Enlarged
                                     Shareholding                    ISC                   ISC
Directors:
Ray Gibbs                                 345,000                  0.00%                 1.78%

Other Notifiable Interests:
ISIS Asset Management                   3,363,788                 15.44%                17.40%
Tilney Inv Management                     715,000                  0.00%                 3.70%





Further Enquiries:

Image Scan Holdings plc
Ray Gibbs/Louise George                                           01664 503 600

Durlacher Ltd
Grant Harrison/Jonathan Retter                                    020 7459 3600
Buchanan Communications
Richard Darby/Suzanne Brocks                                      020 7466 5000



ENDS



                      This information is provided by RNS
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