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Vebnet (Hldgs) PLC (VBT)

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Friday 29 September, 2006

Vebnet (Hldgs) PLC

Share Price / Potential Acq.

Vebnet Holdings PLC
29 September 2006


  

                             VEBNET (HOLDINGS) PLC                              

                      Share Price / Potential Acquisition                       

The Board of Vebnet, the Edinburgh-based, AIM-traded leading provider of
technology for employee benefit solutions, is not aware of any reason for the
recent decline in the Company's share price.

In its Preliminary Announcement of 14 September 2006, Vebnet stated that it was
engaged in preliminary discussions with two third parties in relation to
possible transactions, which may or may not result in the acquisition of all or
a majority of the outstanding ordinary shares of these companies. Vebnet now
announces that it has agreed in principle to the acquisition of a private
company operating in a similar sector to itself. This acquisition is subject to
a number of conditions which Vebnet expects to be fulfilled over the course of
the weekend, in which case a full announcement will be issued to the market on
Monday 2 October 2006.


Enquiries:
 
Vebnet                                                                             
Gerry O'Neill (CEO)                                0131 270 5502; 07990 584096;
                                                              [email protected]  
Stephen Thurlow (Finance Director)                 0131 270 5503; 07899 912522;
                                                           [email protected]  
                                                                                   
Seymour Pierce (NOMAD and broker)                                0207 107 8000; 
Jonathan Wright                               [email protected]  
                                                                                   
Bankside Consultants (PR)                                                          
Charles Ponsonby                                                 0207 367 8851;
                                                 [email protected] 
                                 
 



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