Placing

Canisp PLC
30 July 2004


                              Canisp plc (Company)
                                    Placing
                                                                    29 July 2004

The Company is pleased to announce the successful placing and issue of 5,464,286
new ordinary shares of 1p each at a placing price of 35p per share to a number
of institutions and other parties, raising approximately £1.9 million before
expenses.

Application has been made for the new shares to be admitted to AIM and trading
in the new shares will commence on 2 August 2004.


                      This information is provided by RNS
            The company news service from the London Stock Exchange