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Veos PLC (VEO)

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Wednesday 20 June, 2001

Veos PLC

Re Directorate

Veos PLC
20 June 2001


                      Veos plc ('Veos' or the 'Company')


                  Board change and directors' shareholdings


Michael LaVean, Founder, Deputy Chairman and Development Director, has today
resigned from the Board of Veos plc with immediate effect.


Mr LaVean was a key member of the Board that created Veos and in December 1999
oversaw the Company's successful admission to the Alternative Investment
Market of the London Stock Exchange. The departure of Mr LaVean reflects the
change in the Company's focus from the research and development phase into the
product delivery and marketing phase. Mr LaVean has agreed to continue to
provide research services in the development of new products for the Company
on a consultancy basis.


Mr LaVean has today disposed of his entire shareholding in the Company, being
5,309,266 ordinary shares (23.2% of the issued share capital), at US$0.94 per
share (which is equivalent to 68p per share at the current exchange rate).
5,205,625 of the shares, are being sold by the Madeleine Trust, of which Mr
LaVean is a discretionary beneficiary, and the remaining 103,641 ordinary
shares are being sold by Mr LaVean.


All of these shares are being acquired by the TAG Trust. Mr Paul Lewakowski is
a discretionary beneficiary of the TAG Trust which, following the purchase of
these shares, now holds in aggregate 6,283,122 ordinary shares, or 27.50% of
the shares currently in issue. Mr Lewakowski is a founder of the Company and
is currently Chairman and President of Veos USA with responsibility for US
Investor Relations and for gaining FDA approval for the product.


The Veos product was launched in the UK in February 2001 when the Company
entered into an agreement with Boots to offer the product in some 400 of its
stores throughout the country. The Company is currently establishing
complementary distribution channels in the UK and hopes to make further
announcements shortly.



Further enquiries:


Peggy Czyzak-Dannenbaum        Chief Executive - Veos plc     020 7960 6066

David Simonson                 Merlin Financial               020 7606 1244



                                                                                
                      

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