Veos PLC

Update on Equity Line

Veos PLC
9 April 2002

                       VEOS PLC ('VEOS' OR THE 'COMPANY')


On 3 April 2002 Veos announced that it had signed heads of terms with Cornell
Capital Partners Offshore Fund LP ('Cornell') to provide Veos with an equity
line of up to £2 million, subject to certain conditions. Under the agreement it
was stated, amongst other matters, that Cornell would receive a commitment fee
of one million new ordinary shares in Veos.

The directors of the Company would now like to make clear that Cornell will
received the commitment fee of one million new ordinary shares in two tranches
which are payable as to 0.5 million new ordinary shares upon the signing of the
agreement and the remaining 0.5 million upon the equity line being fully drawn

Contact details

Paul Lever          Chairman, Veos plc          020 7960 6066

Paul Lewakowski     President, Veos Inc.          001 847 735 0003

9 April 2002

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