Placing

Sarantel Group PLC 07 April 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION IS UNLAWFUL. 7 April 2008 Sarantel Group PLC ('Sarantel' or the 'Company') Placing to raise approximately £400,000 Sarantel announces that it has conditionally raised approximately £400,000, before expenses, from a placing of 13,333,400 A Ordinary Shares of 1 pence each in the capital of the Company ('A Ordinary Shares') at 3p per share (the 'Placing Shares') with an institutional investor (the 'Placing'). The Placing is conditional on, amongst other things, the passing of certain resolutions at the general meeting of the Company and on admission of the new A Ordinary Shares to trading on AIM. The net proceeds of the Placing, amounting to approximately £380,000, will augment the proceeds of the recently announced placing. Following the proposed Placing, the Company will have 190,936,331 ordinary voting shares in issue. It is intended that application will be made for the A Ordinary Shares to be admitted to trading on AIM. Dealings in these shares are expected to be on 28 April 2008. Further information: Sarantel David Wither, Chief Executive Officer 01933 670 560 Sitkow Yeung, Finance Director John East & Partners Limited 020 7628 2200 John East/Simon Clements College Hill 020 7457 2020 Adrian Duffield/ Ben Way This announcement is for information purposes only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice in any jurisdiction. John East & Partners Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for the Company and no one else in connection with the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to customers of John East & Partners Limited or for providing advice in relation to the Placing or any transaction or any other matters referred to herein. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. The information contained in this announcement is not for release, publication or distribution, directly or indirectly, to persons in the United States, Australia, Canada, Japan or the Republic of South Africa or in any jurisdiction in which such publication or distribution is unlawful. The Placing Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or under the laws of any state of the United States. This announcement does not constitute an offer to sell or issue, or the solicitation of an offer to buy or subscribe for, securities in the United States, Australia, Canada, Japan or the Republic of South Africa or in any jurisdiction in which such offer or solicitation is unlawful and should not be relied upon in connection with any decision to acquire Placing Shares or other securities in the capital of the Company. There will be no public offer of Placing Shares in the United Kingdom or elsewhere. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings