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Kuju PLC (KUJ)

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Wednesday 22 May, 2002

Kuju PLC

Re First Day of Dealings

Kuju PLC
22 May 2002


For Immediate Release                                    Wednesday 22 May 2002



                                    KUJU PLC

                             FIRST DAY OF DEALINGS

                      ON THE ALTERNATIVE INVESTMENT MARKET


Kuju plc ("Kuju" or "the Group"), a leading developer of interactive games
software for the PC, video game console and emerging mobile telephone games
markets, is pleased to announce the details of its fund raising and admission to
the Alternative Investment Market of the London Stock Exchange ("AIM").



Collins Stewart is the Nominated Adviser and Broker to the issue.



PLACING STATISTICS


Placing Price per Ordinary Share                                                                          96p
Number of Ordinary Shares in issue prior to the Placing                                             6,041,667


Number of Ordinary Shares placed                                                                    2,343,750


Number of Ordinary Shares in issue following the Placing                                            8,385,417
Percentage of enlarged share capital placed with institutions                                             28%
Market capitalisation following the Placing at the placing price                                       £8.05m
Directors' interests as a percentage of the enlarged share capital following the                        68.6%
Placing







SUMMARY OF KUJU



•        Kuju is a profitable fast growth multi-platform games developer with a
         proven track record



•        It has a strong and experienced management team with a considerable
         understanding of the interactive games business



•        Kuju has a considerable portfolio of games currently in development for
         some of the world's largest publishers, including Microsoft, THQ and 
         Midway



It has a competitive advantage in the mobile telephone gaming market having
gained early entry into that market through the release of mobile telephone game
titles since August 2000 working with Nokia, Motorola, and Digital Bridges



Commenting on the first day of dealings on AIM, Jonathan Newth, Managing
Director of Kuju, said:



"We are delighted that we have been able to raise the required funds to take
Kuju onto its next stage of development.  The listing and fund raising on AIM
provides Kuju with the necessary capital structure to grow quickly and to
further establish ourselves as one of the UK's leading independent games
developers."




For further information, please call:


Jonathan Newth, Managing Director                           Tel: 01483 414 344
Kuju plc

Paul Davies                                                 Tel: 020 7523 8309
Collins Stewart

Bobby Morse / James Strong                                  Tel: 020 7466 5000
Buchanan Communications












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

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