Investments

    Embargoed: 0700hrs 2 August 2004

                                Leisureplay Plc                                

                                (the "Company")                                

                                  Investments                                  

The Directors of the Company today announce that the Company has made an
unsecured convertible loan of £500,000 (the "Loan") to The Private Treaty
Market PLC ("PTM"). The Loan bears interest at a rate of 2 per cent. above base
rate, is repayable within two years and, at the option of the Company, may be
converted into ordinary shares in PTM at a 20 per cent. discount to the
valuation achieved by PTM on any flotation or trade sale. The Loan forms part
of a larger financing undertaken by PTM.

PTM has developed the Private Equity Trading System ("PET's") a new trading
platform that provides an order book matching system, same day settlement and
account management facilities. PTM will licence the PETS technology to local
operators in jurisdictions worldwide and has recently entered into its first
two licensing agreements.

By virtue of the interest of Mr Terry Ramsden in the Company (as the holder of
20,750,000 ordinary shares representing approximately 12 per cent. of the
issued share capital of the Company) and in PTM (as a Director and the holder
of approximately 70 per cent. of the issued share capital of PTM) the Loan is
classified as a related party transaction for the purposes of the AIM Rules.
Accordingly, the Directors, having consulted with ARM Corporate Finance Limited
(in its capacity as the Company's nominated adviser), confirm that they are
satisfied that the terms of the Loan are fair and reasonable insofar as the
Shareholders of the Company are concerned.

The Company also announces that it has entered into exclusive negotiations with
Catalyst Investment Corporation ("Catalyst") a company based in Toronto, Canada
to make an investment of C$2.4 million (approximately £1 million) to acquire a
25% interest in Catalyst and in Private Equity Trading System Canada Inc., a
company under common ownership, which will be the licensee for the PETs trading
system in Canada. As part of these negotiations, the Company has deposited
C$250,000 (£104,000) with Catalyst, refundable in certain circumstances if
either the Company or Catalyst is unable to complete the proposed transaction.

Catalyst, via an intermediate holding company, owns two Mutual Fund Dealers and
Deposit Brokers, Monarch Delaney Financial ("MDF") and The Investment Shop
("TIS"). Together MDF and TIS have an investor pool of around 5,000 clients and
assets under administration in excess of C$600 million (£250 million). Catalyst
is in the process of merging MDF and TIS into a single business, Monarch Wealth
and Investment Group.

The Company is proposing to enter into a definitive subscription agreement
relating to this transaction as soon as practicable. A further announcement
will be made in due course.

                                    -Ends-                                     

For further information please contact,

Philip Reid, Chairman

Tel.[phone]

Anthony Fabrizi

Tel. [phone]



END