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enterpriseAsia (EPA)

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Thursday 03 May, 2007

enterpriseAsia

Statement re AIM Delisting

enterpriseAsia PLC
03 May 2007


3 May 2007

For Immediate Release


                  enterpriseAsia plc ('EPA' or 'the Company')

  proposes cancellation of admission to AIM of the Company's Ordinary Shares


enterpriseAsia plc today announces that it is seeking Shareholders' approval for
the cancellation of admission to AIM of the Company's Ordinary Shares.   The
Directors have undertaken a review of the benefits or otherwise to the Company
and to its Shareholders of the Company's Ordinary Shares continuing to be traded
on AIM.  The chief factors considered were:


1.      the limited trading liquidity in the Company's Ordinary shares;


2.      the lack of institutional participation in fundraisings by the Company
over the past two years (mainly due, it is believed by the Directors, to the
current level of the Company's market capitalisation);


3.      the possible advantages of marketing the Company's potential investment
portfolio on an individual project by project basis rather than as part of a
listed vehicle; and


4.      the costs and regulatory requirements associated with maintaining
admission to AIM.


After careful consideration, the Directors have concluded that it is no longer
in the best interests of EPA or its Shareholders to maintain admission to AIM.


Following the De-Listing, there will be no market facility for dealing in the
Ordinary Shares of the Company, however, while there can be no guarantee of any
shareholders being able to sell any Ordinary Shares, any shareholder seeking to
do so should contact Phillip Brown at enterpriseAsia, Albion Mills, Greengates,
Bradford, West Yorkshire BD10 9TQ, U.K.


In accordance with Rule 41 of the AIM Rules, the Company has today notified the
London Stock Exchange of the De-Listing which is conditional upon the consent of
not less than 75% of votes cast by Shareholders in general meeting.
Consequently, the Company is convening an Extraordinary General Meeting for 7
June 2007 for which irrevocable undertakings to vote in favour of the requisite
Resolutions have been received from Shareholders in respect of 65.38% of the
Ordinary Shares.


If approved, the De-Listing is expected to be effective from 7.00 a.m. on 15
June 2007.

                             ___________________________


For further enquiries:


Ka Lai, Chief Executive:                        +852 2116 5900

Phill Brown, Corporate Relations Director:      01274 623478

Nandita Sahgal, Insinger de Beaufort            020 7190 7000


                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                                                                                  

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