Issue of Equity

Rensburg Sheppards PLC
11 May 2005

                     Rensburg Sheppards plc (the "Company")

                                Issue of shares


The Company announces that 25,500,000 ordinary shares of 10 pence each were
issued and allotted on 6 May 2005 in consideration of the acquisition of Carr
Sheppards Crosthwaite Limited (the "Acquisition").


Following application to the UK Listing Authority and to the London Stock
Exchange, these ordinary shares have been admitted to the Official List of the
UK Listing Authority and to trading on the London Stock Exchange's market for
listed securities.  Dealings in the new ordinary shares commenced at 8.00 a.m.
on 6 May 2005.  These ordinary shares do not rank for the 45p special dividend
referred to in the listing particulars issued on 23 March 2005 in connection
with the Acquisition, payable on 1 June 2005, nor to any dividend declared in
respect of the interim period ending 31 May 2005.


The Company currently has 47,590,298 ordinary shares of 10 pence each in issue.



END




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