First Day of Dealings

Volvere PLC
24 December 2002

24 December 2002



                         Volvere plc begins trading on AIM


Dealings in the shares of Volvere plc, the London-based turnaround specialist
and activist investor, commenced today on the Alternative Investment Market. The
listing follows a Placing of 3,559,720 new Ordinary shares at 100p per share
raising approximately £3.4m for the company after expenses.  At the Placing
price, Volvere is capitalised at £3.6m.



Volvere, whose Chief Executive is Jonathan Lander, has been established to make
investments in, or acquire companies that the Directors believe offer the
potential to unlock shareholder value. These investments or acquisitions will
comprise two principal types of company:



  • Public and private companies that are in distress, the whole or any part
    of which offer the opportunity of a turnaround, and/or
  • Public companies which the Directors calculate have market capitalisations
    below the realisable value of their net assets.



The reasons for the Placing and admission to AIM are:



  • To raise funds to finance acquisitions and investments
  • To provide tradeable Ordinary Shares to be used as consideration to make
    investments
  • To raise profile and increase deal flow, and
  • For general working capital purposes.



Jonathan Lander commented, 'We believe Volvere will become one of the UK's
leading turnaround specialists and activist investors. Our combined experience
in these areas and the current sentiment in and condition of the UK markets will
help facilitate the achievement of the company's aims.'



Teather & Greenwood is Nominated Adviser and Broker to the Company.



For further information please contact:


Jonathan Lander, Chief Executive                     020 7979 7596
Volvere plc                                          Mobile  [phone]



Terry Garrett / Christian Taylor-Wilkinson

Weber Shandwick Square Mile                          020 7067 0700









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