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Microcap Equities PLC (MEQ)

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Friday 20 August, 2004

Microcap Equities PLC

Additional Listing

                                                          For immediate release

                                                                 20 August 2004

              Microcap Equities plc ('Microcap' or 'the Company')              

                              Additional Listing                               

Further to the announcement made on 30 July 2004, the Offer closed at 1pm on 16
August 2004.

Application has now been made for a further 207,333 new Microcap shares to be
admitted to trading on AIM to satisfy acceptances in respect of 518,333 shares
received under the Offer between 29 July and 16 August 2004. It is expected
that dealings in these shares will commence on 26 August 2004.

Terms defined in the Offer Document dated 20 May 2004 have the same meaning in
this announcement, save where the context requires otherwise.


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