Placing

Canisp PLC
29 March 2005

                    
                          Canisp plc (the 'Company')
                                   Placing
                                29 March 2005

The Company is pleased to announce the successful issue of 250,000 new ordinary
shares of 1p each at an issue price of 24p per share to an existing shareholder
of the Company, raising £60,000.

Application has been made for the new shares to be admitted to AIM and trading
in the new shares will commence on 31 March 2005.


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