Fluid Leader Group Plc

Update on the Placing

2 July 2008

                            Fluid Leader Group Plc                             

                                (the "Company")                                

                             Update on the Placing                             

Following the announcement made on 3 June 2008, the placing of 25 million
ordinary shares in the Company (the "Shares") to Sheikh Faisal Bin Khalid
Mohammed Al Qassimi, a member of Sharjah's ruling family, has not yet

A meeting had been scheduled with the Sheikh for this week to finalise
completion. Due to the unfortunate death of the Sheikh's mother this meeting
has had to be postponed.

The Company has offered condolences to the Sheikh and his family.

The Company will keep shareholders updated with regard to completion of the

The Directors of the Company accept responsibility for this announcement.

                                   - ends -                                    


Fluid Leader Group Plc:

Jonathan Morley-Kirk     email: [email protected]

                         Tel: 07852 248 113

Atlantic Law Llp:

Martin Boulton           email: [email protected]

                         Tel: 020 7616 2888