Sale of Holding in Envesta

Cater Barnard PLC
17 June 2003


FOR IMMEDIATE RELEASE                                 17 June 2003


              CATER BARNARD PLC ('Cater Barnard' or the 'Company')

                   Sale of shares in Envesta plc ('Envesta')


Cater Barnard announces that on 16 June 2003 it converted its holding of
£1,828,750 preference shares in Envesta, the specialist telephony supplier, into
24,385,333 Ordinary Shares. Cater Barnard has received a fee of £88,150 and 4
million new ordinary shares in Envesta for that conversion.

In addition Cater Barnard also announces that it has placed its total holding of
28,385,333 ordinary shares in Envesta at a price of 2.25p per share. The net
proceeds of the share placing of £ 625,886.59 and the fee of £88,150 will be
applied to future capital requirements of the Company.

As a consequence thereafter, Cater Barnard will not have any beneficial interest
in the share capital of Envesta. Stephen Dean will resign from the Board of
Envesta but through Global Investments Limited, holds 8% beneficial interest in
the issued share capital of Envesta plc. No other payments or compensations are
due to or from Envesta, Cater Barnard or Global Investment Limited.


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