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Vimio PLC (VIM)

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Tuesday 18 March, 2008

Vimio PLC

Further re Issue of Equity


18 March 2008

                                   Vimio Plc                                   

                          ("Vimio" or "the Company")                           

                          Further re: Issue of Equity                          

Further to the announcement by the Company on 15 February 2008 re. the
subscription by Mr. Al Ammar for new ordinary shares in the Company, Mr. Al
Ammar has requested that the agreement be extended for a further 30 days until
14 April 2008 which has been agreed to by the Board.

Vimio had, at 31 December 2007, a considerable debtor list, which is likely to
be the subject of substantial provisions in the accounts for the year ended 31
December 2007 as the majority of these debts are now greater than 90 days old.
The Company is, as a result, suffering from short - term liquidity problems
and, in order to meet its obligations as they fall due, is relying on the
support of its directors in the form of unsecured loans.

The Company is currently in discussions with various parties regarding its
financing options and will update shareholders as appropriate.

Enquiries:

Vimio Plc. David McKenna (00) 353 87 921 2022

Malachy Harkin (00) 353 87 904 7472

John East & Partners Ltd. Jeffrey Coburn

Simon Clements (00) 44 207 628 2200


                                                                                                                                                                                                               

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