Issue of Equity

RNS Number:7284S
Virotec International Ld
02 December 2003


2 December 2003

                            CHANGES IN ISSUED CAPITAL

                             ISSUES OF EQUITY - AGM

Virotec International Ltd (ASX/AIM: VTI) advises that the following the approval
of shareholders at the Company's Annual General Meeting on Friday 28 November
2003, the following securities have been issued:

200,000 ordinary shares at a price of A$0.50 to non-executive directors; and

50,000 options exercisable at A$0.50 each on or before 30 September 2006 to an
       associate of a non-executive director.

                                EXPIRY OF OPTIONS

Virotec also advises that the following options with an expiry date of 30
November 2003 have not been exercised and have now lapsed:

900,000 options exercisable at A$1.00 each on or before 30 November 2003 issued
        to directors; and
700,000 options exercisable at A$0.56 each on or before 30 November 2003 issued
        to employees.

The current issued capital of Virotec is as follows:

193,693,841 Ordinary shares

4,145,000   Options (unquoted) with various expiry dates between 28 February 
            2004 and 30 September 2006 and exercisable at various exercise 
            prices between A$0.21 and A$1.00.



Angus Craig
Company Secretary


                            Virotec International Ltd
                               ABN 81 004 801 398
                                   PO Box 188
                            Sanctuary Cove QLD 4212
                                    AUSTRALIA
                                www.virotec.com
                                        


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

END
IOETTBPTMMMMMAJ