Placing and admission to AIM

Mavinwood PLC
05 November 2004



                  Mavinwood plc ('Mavinwood' or 'the Company')
                          Placing and Admission to AIM

Mavinwood plc has today been admitted to trading on AIM. The Company raised £2.1
million (before expenses) by way of a placing at 10p per share. Mavinwood is at
present a cash-shell that intends to make acquisitions of companies in the
support services sector.

Kevin Mahoney (CEO) and Mike Vincent (FD), were members of the team that tried
to acquire and float Dyno-Rod earlier this year. Kevin Mahoney commented:
'It struck us, at the time of the Dyno transaction, that there were a
considerable number of support service companies, which could be acquired, and
where we could subsequently add value by improving and professionalising their
infrastructure. It is with this in mind that we have established Mavinwood.'

Contact: Kevin Mahoney - 07764 654 666


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