Fluid Leader Group Plc

Placing of Ordinary Shares/Results of EGM

                            Fluid Leader Group Plc                             

               Placing of Ordinary Shares - to raise £5,000,000                

                   Signature of Memorandum of Understanding                    

                              Change of Director                               

                                 Result of EGM                                 

The directors of Fluid Leader Group Plc (the "Company") are pleased to announce
that the Company has entered into a subscription agreement with Sheikh Faisal
Bin Khalid Mohammed Al Qassimi, a member of Sharjah's ruling family, raising £
5,000,000 before expenses through the placing of 25,000,000 new ordinary shares
in the Company at 20p per share ("the Placing"), due in the near future.

Pursuant to the Placing, Sheikh Faisal Bin Khalid Mohammed Al Qassimi will
become a substantial shareholder in the Company, holding 25,000,000 ordinary
shares representing approximately 12.45% of the enlarged issued share capital
upon readmission of the Company on PLUS.

The Company also announces that it has signed a memorandum of understanding
("MOU") with Al Falsal Investments and Contracting Group, of which Sheikh
Faisal Bin Khalid Mohammed Al Qassimi is a director. Pursuant to the MOU, the
parties have agreed to undertake the development, manufacturing and
distribution of products emanating from the patents owned, to be owned and
developed by the Company in the area of pipe joining, pipe cutting, pipe
repairing and specialised pipes. The MOU is not legally binding and accordingly
may not result in a contract in a timely manner or at all.

The Company further announces the appointment of Mr Philippe Cappelle to the
board as a non-executive director of the Company with immediate effect.

Mr Cappelle has managed companies since the 1990s and his experience covers a
wide range of disciplines including audit, sales and marketing and strategy
implementation. He recently was the interim manager and Chief Operating Officer
of PATEV GmbH & Co KG where he was responsible for the sales and marketing and
business development of the company in Korea and Japan. In October 2007, he
co-founded and is president of Picatis GmbH in Zurich which specialises in
growth for companies through mergers and acquisitions with emphasis on Korea
and Japan.

In the 1990s, Mr Cappelle was president of Mannesmann Rexroth East Asia based
in the Tokyo, Japan, Mannesmann France S.A., VDO France S.A and Managing
Director of Air Liquid GmbH in Düsseldorf, Germany. Mr Capelle is fluent in
English, French, German and Japanese.

The Company is also pleased to announce that at the Company's EGM held on
Friday 7 March 2008, the resolution reconfirming approval of the acquisition of
Fluid Leader Limited ("Fluid Leader") was duly passed, with all shareholders
present voting in favour, representing 97.87% of the issued share capital of
the Company.

Following the Placing, the execution of the MOU, the appointment of Mr
Cappelle, and the successful acquisition of Fluid Leader, Mr Martin Boulton has
resigned as Chairman and a director of the Company with immediate effect. The
Company would like to thank Mr Boulton for his contribution to the Company. Mr
Jonathan Morley-Kirk, a director of the Company, has been appointed as the new
Chairman of the Company.

All share allotments are subject to the approval of the Takeover Panel.

The directors of the Company accept responsibility for this announcement.


Atlantic Law Llp

Heena Karani

Tel: 020 7616 2888

Email: [email protected]