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Woodspeen Training Plc (WSTP)

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Tuesday 07 December, 2010

Woodspeen Training Plc

PLACING OF NEW SHARES


                                7 December 2010                                

                            WOODSPEEN TRAINING PLC                             

                 ("Woodspeen" or the "Company" - Ticker WSTP)                  

                             PLACING OF NEW SHARES                             

The Directors are pleased to announce that Woodspeen has today issued for cash
a total of 7,560,000 new ordinary shares of 10p each in the Company ("New
Ordinary Shares") at a price of 18p per share ("the Placing"). 6,110,000 New
Ordinary Shares were issued to new institutional investors introduced to the
Company by its broker, Fairfax I.S. PLC and 1,450,000 New Ordinary Shares were
issued to Directors of Woodspeen.

The New Ordinary Shares will rank pari passu in all respects with the existing
ordinary shares currently in issue. Following the Placing, the Company has a
total of 28,080,000 ordinary shares in issue.

The gross proceeds of the Placing are £1,360,800. The Directors intend that the
proceeds of the Placing shall be used to fund acquisitions.

Following the Placing, the beneficial interests of the Directors are as
follows:

Name             Shareholding   No. of shares       Resultant   % of enlarged
                 prior to the  subscribed for    shareholding    issued share
                      Placing  in the Placing                  capital of the
                                                                      Company
                                                                             
Charles Prior       4,000,000       1,000,000       5,000,000           17.81
                                                                             
Si Hussain               None         150,000         150,000            0.53
                                                                             
Lynn Chandler*        837,400         150,000         987,400            3.52
                                                                             
Compton Hellyer       156,456         150,000         306,456            1.09

*312,400 ordinary shares are held by Lynn Chandler's spouse

The Directors intend to offer the Company's shareholders as at 5.00pm on 6
December 2010 ("Qualifying Shareholders") who did not participate in the
Placing an opportunity to acquire new ordinary shares in the Company also at
the price of 18p per share. Any offer to such shareholders would be for a
maximum of 6.11 million ordinary shares, being equal to the number of shares
placed with new investors pursuant to the Placing. The Company expects to post
a letter to Qualifying Shareholders shortly requesting indications of interest
in participating in the offer. The offer to Qualifying Shareholders will not
constitute a rights issue or a pro rata open offer to Shareholders.

Contacts:

Woodspeen Training plc
Si Hussain - 0786 283 7437
Lynn Chandler - 07932 753 799

Corporate Advisor
St Helens Capital Partners LLP
Oliver Cooke - 020 7368 6959

Broker
Fairfax I.S. PLC
Ewan Leggat/Laura Littley - 020 7598 5368

The Directors take responsibility for this statement.


                                                                                                                        

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