Issue of Equity

RNS Number:4851A
Aquabella Group PLC
18 July 2007

                              Aquabella Group plc
                         ("Aquabella" or "the Company")

                                    Placing



Aquabella, an aquaculture company in the New Forest involved in the indoor
farming of Barramundi, producing high quality, farmed fish from a sustainable
and controlled environment, is pleased to announce the placing of 5,198,750 new
Ordinary Shares ("the Placing Shares") at a price of 40p per share ("the Placing
Price") to a mixture of existing and new investors, raising approximately #2
million ("the Placing").



The Company has agreed, subject to the Placing Shares being admitted to trading
on AIM ("Admission"), to appoint Alan Smith as a Non-Executive Director and
David Stanley as Finance Director ("the Proposed Directors"). In addition,
subject to Admission and the appointment of the Proposed Directors, Peter Salter
will become a Non-Executive Director.



The Directors and Proposed Directors have all committed to subscribe for a total
of 302,500 shares on the same terms, as part of the Placing. As a result the
Directors and Proposed Directors will have the following holdings:


  Director/Proposed    Pre-Placing amount     Pre-Placing %          Post-Placing amount    Post-Placing %
       Director
Pieter Totte*          3,107,446              16.96                  3,357,446              14.27
Campbell Mitchell      0                      0                      25,000                 0.1
David Stanley          0                      0                      2,500                  0.01
Peter Salter           0                      0                      12,500                 0.05
Alan Smith             0                      0                      12,500                 0.05



* 1,482,446 Ordinary Shares are held by Elson Services Limited, which is owned
by the Rowan Trust, in discretionary trust, of which Pieter Totte and certain
members of his family are discretionary beneficiaries and 1,625,000 Ordinary
Shares are held by Weighbridge Trust Limited, as nominee on behalf of the
Hawthorn Trust, a discretionary trust, of which Monique Totte, Pieter Totte's
wife and her children are discretionary beneficiaries.



In addition to the Placing, the Company has agreed terms for the subscription of
#1.26 million of convertible loan notes ("the Loan Notes") with certain
institutional investors. The Loan Notes will be redeemable on 31 January 2010 ("
the Term") and will carry an interest rate of 8%. The Loan Notes will be
convertible into Ordinary Shares at the lower of 45p per share or the lowest
price at which any Ordinary Shares are issued by the Company during the Term,
but after the Placing, and will be convertible at any time at the discretion of
the holder of the Loan Notes.



The proceeds of the Placing and the issue of the Loan Notes will be used for
working capital purposes, to achieve full production capacity at the Company's
indoor fish farm at Lymington, Hampshire and to commence the planning for an
expansion of the existing plant.





Alan Smith's current and past directorships are:


Current                                                   Past
Empire World Trade Holdings Limited                       Adams Childenswear
Fisher Outdoor Leisure Limited                            Anglo Baltic Limited
Fisher Outdoor Leisure Holdings Limited                   Carrefour Limited
Fisher Outdoor Leisure Trustee Company Limited            Esporta (DSCH) Limited
FlyBE Group Limited                                       Esporta (DSCHI) Limited
The Navy, Army and Air Force Institutes                   Esporta Group Limited
The Royal Air Force Charitable Trust Enterprises          Esporta Health & Fitness Limited
                                                          Esporta Limited
                                                          FineFare Properties Limited
                                                          Flexeprint Limited
                                                          Floors-2-Go Limited
                                                          Floors-2-Go plc
                                                          Health and Fitness Holdings Limited
                                                          International Stores Properties Limited
                                                          KeyWay Grocers Limited
                                                          Kwik Save Corporation Limited
                                                          Kwik Save Management Limited
                                                          Kwik Save Stores Limited
                                                          Lennon's Group Limited
                                                          MacMarkets Limited
                                                          Myriad Childrenswear Group Limited
                                                          Robert Dyas Holdings Limited
                                                          Robert Dyas Limited
                                                          Somerfield Group Limited
                                                          Somerfield Limited
                                                          Somerfield Property Company Limited
                                                          Somerfield Securities Limited
                                                          Somerfield Services Limited
                                                          Somerfield Stores Limited



On 26 January 2006, administrators were appointed to Flexeprint Limited. Alan
Smith was chairman at the time the administrators were appointed.



David Stanley's current and past directorships are:


Current                                                   Past
None                                                      Finesse Mobile Limited
                                                          Kuju Brighton Limited
                                                          Kuju Entertainment Limited
                                                          Kuju plc



No further disclosures are required under the AIM Rules for Companies.



Pieter Totte, Chairman, commented: "I am delighted that the group continues to
receive interest from shareholders and has attracted new shareholders for our
ongoing growth. We are moving forward to full production over the coming year to
meet the increasing demand for New Forest Barramundi and to commence the
planning process for extending our facility to increase annual production
capacity."



The total shares in issue, with voting rights, post the Placing will be
23,523,610. The Company does not hold any shares in treasury. Consequently the
total number of voting rights in the Company is 23,523,610 and this figure may
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change to
their interest in Aquabella, under the FSA's Disclosure and Transparency Rules.



Press enquiries



Aquabella

Pieter Totte     020 7234 0570



Shore Capital

Guy Peters       020 7408 4090




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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