KNF Approved Prospectus Issue

RNS Number:2522F
ASBISc Enterprises PLC
05 October 2007



                                                       Warsaw, October 5th, 2007


                             ASBISc Enterprises PLC
                           ("ASBIS" or the "Company")

                        KNF APPROVED ISSUE OF PROSPECTUS
                           OF ASBISC ENTERPRISES PLC


The Polish Financial Supervisory Authority (KNF) has approved the publication of
a prospectus by ASBIS (the "Prospectus"), one of the leading distributors of IT
products in Central and Eastern Europe, the Baltic States, the Former Soviet
Union, the Middle East and North Africa. The Company plans to raise funds for
the implementation of its development strategy and seek admission to trading on
the Warsaw Stock Exchange. In addition to the issue of new shares, the offering
will involve a partial sell down by some of the existing shareholders, which is
expected to enhance the liquidity of the Company's shares. The offering is
planned to take place in the second half of October 2007 and the Prospectus will
be sent to all shareholders by 11 October 2007.

The Company's advisers during the listing process are: ING (Global Manager of
the Offer), ING Securities (Broker), Dewey & LeBoeuf (legal adviser), and
Deloitte & Touche (auditors).

Siarhei Kostevitch, CEO of ASBIS, said "We are planning to increase our sales
and market share in Central and Eastern Europe, Former Soviet Union, Middle East
and Africa, where we are already present, and to enter new emerging markets. We
also intend to develop our private labels - Canyon and Prestigio. We believe
that proceeds from the IPO will allow us to finance our plans.".

"The IT market in the region of Central and Eastern Europe and in the Former
Soviet Union has very good growth prospects and we are one of the key players in
these markets. ASBIS is also dynamically growing in Africa. Investors will have
the opportunity to buy shares in the Company whose business scale is unique for
the GPW standards, with stable profitability and annual revenue above USD 1bn."



For additional information please contact:

Magda Kolodziejczyk, M+G
Ph: (22) 625 71 40, 0501 16 88 07
e-mail: [e-mail]


Costas Tziamalis, ASBISc Enterprises Plc.
ph : 00357 25 857000
e-mail : [e-mail]


David Newton, Seymour Pierce Limited
Ph: 00 44 207 107 8000


ASBIS is one of the leading distributors of IT products in Central and Eastern
Europe, the Baltic States, the Former Soviet Union, the Middle East and North
Africa. The Company is incorporated in Cyprus, and its shares are already listed
on the AIM market in London.

The ASBIS Group combines a broad geographical reach with a wide range of
products distributed on a "one-stop-shop" basis. Additionally, the Company
distributes its private labels, Canyon and Prestigio. As at 31 December 2006,
ASBIS provided its services to over 14 thousand customers in approximately 70
countries.

The Group is a strong and reliable partner for leading international suppliers
of IT components, including Intel, AMD, Seagate, Samsung, Microsoft, Hitachi and
Toshiba, in most if the regions of its presence.

The revenues of ASBIS in H1 2007 were USD 540m (unaudited), a 26.7% growth in
comparison to H1 2006. The Company recorded a net profit of USD 3.2m
(unaudited), a 27.4% increase in comparison to the same period in 2006.

For the year ended 31 December 2006, ASBIS revenues exceeded USD 1.0bn and net
profit was USD 11.1m.

The major shareholders of the Company are KS Holdings, (53.49%), and financial
investors - MAIZURI Enterprises Ltd. (10%), and Alpha Ventures (6.67%). The
remaining shares are mainly owned by the Company's management and employees.


For more information, visit also the company's website at www.asbis.com

This material is of a promotional nature only. The only legally binding document
containing information on ASBISc Enterprises Plc (the "Company") and on the
public offering of shares in the Company is the Prospectus. The Prospectus is
available on the websites of: Gielda Papierow Wartosciowych w Warszawie 
(www.gpw.pl), the Issuer (www.asbis.com) and ING Securities S.A. 
(www.ingsecurities.pl). Hardcopies of the Prospectus will be available at the
customer service desks of investment agents accepting subscriptions for the
shares, namely: Customer Service Desks of ING Securities S.A., Order Placement
Points operated by DM Polonia Net S.A. and BM Nordea Bank, Customer Service
Desks of DM BZWBK and Order Placement Points of Biuro Maklerskie Banku BPH S.A.

These materials are not an offer of securities for sale in the United States.
The securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S.

Securities Act of 1933, as amended. ASBISc Enterprises plc does not intend to
register any offering or conduct any public offering in the United States and no
offering of the securities described herein will be made by ASBISc Enterprises
plc or any other person in the United States.

The information contained herein may be distributed in the United Kingdom only
to persons in a business which involves the dissemination through publication of
information concerning controlled activities.

This communication is directed only at persons who (i) are outside the United
Kingdom or (ii) are investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (iii) are high net worth entities falling within Article 49(2)(a) to
(d) of the Order or (iv) such other persons to whom it may lawfully be
communicated (all such persons together being referred to as ''Relevant
Persons''). This communication must not be acted on or relied on by persons who
are not Relevant Persons. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.

Any statements contained in this announcement which are not historical facts are
forward-looking statements which express the beliefs, opinions and expectations
of the Company and are subject to various risks and uncertainties that could
cause actual results to differ materially from such expectations. The factors
that could affect the Company's future financial results are discussed more
fully in the Company's prospectus in relation to its offer of shares. The
Company assumes no obligation to update information in this announcement.





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

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