Placing and notice of EGM

Bright Things plc
02 March 2005

Bright Things PLC ('Bright Things' or the 'Company')

Conditional Placing and Notice of Extraordinary General Meeting

The Company announces that it is proposing to raise £6 million before expenses
by a placing of 4,000,000 new Ordinary Shares (the 'Placing Shares') at 150p per
Ordinary Share (the 'Placing Price').

Corporate Synergy Plc, as agent for the Company, has agreed to use its
reasonable endeavours to place the Placing Shares at the Placing Price with
institutional and other investors, subject to inter alia the passing of a
resolution at the Extraordinary General Meeting convened to permit the placing
to proceed, and the Placing Shares being admitted to trading on AIM. The Placing
Price represents a discount of 14.53 per cent. to the closing mid market price
of 175.5p on AIM as at 1 March 2005, the date of publication of the EGM circular
to shareholders in the Company. The Placing Shares will, when issued and fully
paid, rank pari passu in all respects with the existing issued Ordinary Shares.

Application will be made for the Placing Shares to be admitted to trading on AIM
and trading in the Placing Shares is expected to commence on 29 March 2005.

Reasons for the Placing

The Company was admitted to AIM in April 2004, raising £4.5 million before
expenses. The funds raised at admission were set aside to assist the Company in
the development of both its hardware and software, to secure licensing
agreements, on which the software is to be based, and to provide the Company
with ongoing working capital.

Since admission, the Company has developed a working prototype of Bubble (its
remote control device that transforms a DVD player into an interactive
educational games device) and anticipates having a production model available
shortly. In addition, the Company has entered into licensing agreements securing
licences to characters such as Thomas & Friends(TM), The Teletubbies(TM) and
Postman Pat(R). The Company is in the final stages of developing 6 working games
using a number of these characters. The Company has also entered into a three
year distribution agreement with Bandai UK Ltd covering the UK and the Republic
of Ireland, under which Bandai has agreed to purchase from Bright Things a
minimum of 100,000 Bubble consoles and 200,000 units of associated software in
the first year. The Company is pleased with the progress it has made to date.

The Company is now proposing to raise £6 million, before expenses, and intends
to apply the funds as follows:

Software development - Since the Company's admission to AIM, it has secured
licensing agreements over more characters than was originally anticipated and
therefore intends to use approximately £1.8 million to develop new software
products for use with Bubble;

Software localisation and translation - Approximately £2.5 million will be used
for software development based on indigenous licenses in certain export markets
and to localise the Company's existing software; and

Balance sheet stability - the balance of the funds will be used to strengthen
the Company's balance sheet.

Dominic Wheatley, chief executive officer of the Company commented: 'We are
pleased to have raised additional funds for the Company pursuant to the Placing,
which will assist us in the development of the business'.

For further information please contact:

Justin Lewis, John Prior, Corporate Synergy Plc: 0207 626 2244
Giles Croot, Brunswick Group: 020 7404 5959




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