Investment Update

17 July 2007

                                Eurovestech plc                                

                       ("the Company" or "Eurovestech")                        

                               Investment Update                               

New Investments

Eurovestech has today invested £2 million in LogNet Information Systems plc
("Lognet"). Lognet is a specialist in e-billing solutions enabling end
customers to manage their accounts online, order products and services, review
and analyse bills, execute payments and resolve issues online from a single
starting point at a company's web site. Existing customers include Cellcom and
Orange. Eurovestech now holds 25.4 per cent. of Lognet's fully diluted share
capital.

In addition, Eurovestech is pleased to announce that it has invested £0.8
million in Mist Technologies SA ("MIST"). Based in Paris, MIST has developed
proprietary sound separation technology that enables mono and stereo film and
music files to be re-mastered into high definition, home cinema quality
surround sound files. MIST caters to the increasing demand of consumers for the
best quality audio to accompany high definition programming becoming available
on home systems.

In January 2007, Eurovestech invested an initial £0.3 million and at that time
entered into an option agreement with MIST to increase its
shareholding. Earlier this month, the option was exercised, with Eurovestech
investing a further £0.5 million. Eurovestech now holds 41 per cent. of MIST's
fully diluted share capital.

Earlier this year, MIST's technology was used in the film La Vie En Rose. We
are delighted to report that in recent weeks, MIST has entered into discussions
with some of the world's leading music and film distribution corporations with
a view to updating existing catalogues using MIST's sound conversion
technology.

Existing Investments

Eurovestech has today received sale proceeds of £578,000 as a result of the
recommended 40p per share cash offer for Pixology plc ("Pixology") being
declared unconditional in all respects. Between July and October 2006,
Eurovestech acquired a 7.1 per cent. shareholding in Pixology at a weighted
average cost of 27p per share. Subsequent to these purchases, Eurovestech then
held detailed discussions with the management of Pixology, with a view to
improving shareholder returns. The resulting profit on disposal of this
investment will be included within the interim results for the six months to 30
September 2007.

Commenting on the new investments, Richard Bernstein, Chief Executive of
Eurovestech said: "Both MIST and Lognet meet our strict investment criteria
operating in extremely fast growing markets and demonstrating strong
proprietary technology and products. As shareholders in MIST for the last six
months, we are very encouraged with recent developments and believe the
business is well placed to capitalise on the significant structural changes
taking place within the music and film industries. We are delighted to
become shareholders in Lognet and believe our investment will enable the
company to accelerate its revenues and profitability very significantly in
order to maximise shareholder returns from what we consider to be an excellent
and very scaleable product offering." 

 

Enquiries:

Eurovestech plc                                            Tel: [phone]
Richard Bernstein                                                            
                                                                             
John East & Partners Limited                               Tel: [phone]
Simon Clements/David Worlidge