Issue of Equity

Canisp PLC
15 November 2005


Canisp PLC
15 November 2005

                         Canisp plc (the 'Company')

                              Issue of Shares


The Company announces that on 10 November 2005 it issued 57,339 new Ordinary
Shares to each of Mike Hirschfield and  John Maundrell, executive Directors of
the Company, pursuant to their revised remuneration arrangements which were 
announced on 18 May 2005. Under these arrangements they agreed to a reduced
salary to be satisfied by the issue to them  on a quarterly basis of a number of
shares calculated by reference to the average closing bid price over the
preceding five dealing days.

Application has been made for these 114,678 new Ordinary Shares to be admitted
to trading on AIM, with admission  expected to take place on 21 November 2005.




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