Statement re Bonus Issue

Sutton Harbour Holdings PLC
30 July 2004

Sutton Harbour Holdings announces that the bonus issue of one additional
ordinary share for each existing ordinary share, approved by shareholders at the
Company's annual general meeting on 28 July 2004, will be made to shareholders
on the register on 27 August 2004.



The shares will be marked ex-entitlement on 31 August 2004 and admission of the
additional shares to trading on AIM will take place on the same date. Share
certificates are expected to be issued by 3 September 2004.


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