Issue of Equity

RNS Number:0171T
Ambient PLC
09 December 2003



AMBIENT PLC
9 December 2003

                                  Ambient plc
                               Equity fundraising

Ambient plc ("Ambient" or the "Company") announces that it has today raised
approximately #2 million (before expenses) by way of an underwritten placing
(the "Fundraising").

Numis Securities Limited has underwritten the issue of 4,000,000 new ordinary
shares of 1 pence each ("New Shares"), at a price of 50 pence per share in cash
(the "Placing Price"). These shares have been placed with institutional
investors and others.

As part of the Fundraising, certain companies of which Vincent Isaacs and Andrew
Stimpson, Chairman and Group Managing Director of the Company respectively, are
shareholders, Peter Revell-Smith and Lionel Ross both Non Executive Directors,
and certain other persons or companies procured by the Company have agreed to
subscribe in cash for a total of 1,104,950 new ordinary shares.

Following the Fundraising, the New Shares will represent approximately 7 per
cent. of the Company's enlarged issued share capital.

The aggregate proceeds of the Fundraising will be used to develop the groups
online marketing services subsidiary Touch and strengthen the cash resources of
the group ahead of the anticipated demerger and flotation of its ATM subsidiary
Moneybox Corporation limited in Spring 2004.

The Fundraising is conditional, inter alia, on admission of the New Shares to
the Alternative Investment Market ("AIM").

Application has been made for admission of the New Shares to trading on AIM,
which is expected to become effective on Friday 12 December 2003. The New Shares
will rank pari passu in all respects with the existing issued ordinary share
capital of the Company.

For further information, please contact:
Ambient plc                                                            020 7452 5200
Vincent Isaacs, Chairman
Andrew Stimpson, Group Managing Director


Numis Securities Limited                                               020 7776 1500
David Poutney
Jag Mundi


Merlin Financial                                                       020 7606 1244
Paul Lockstone
David Simonson
Clare Maciocia


Numis Securities Limited is acting for Ambient and no one else in connection
with the proposals described in this announcement and will not be responsible to
anyone other than Ambient for providing the protections afforded to its clients
or for providing advice in relation to such proposals or the contents of this
announcement.


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