Issue of Equity

RNS Number:8203K
Henderson Morley PLC
08 May 2003


Henderson Morley PLC (the "Company")


Issue of new ordinary shares


Henderson Morley plc announces that the Board has, today, issued and allotted a
total of 23,173,330 new ordinary shares through a Placing at 1.5 pence per
share, raising #347,600 for the Company.


This figure includes 3.34 million shares issued to Croma Pharma Gmbh, as
announced on 7th May.


Andrew Knight and Dr Ian Pardoe, directors of the Company, have each subscribed
#50,000 for 3,333,332 new ordinary shares as part of the Placing. It is intended
that these shares will be held in their respective Self Invested Pension Plans.
The Directors, other than Messrs Knight and Pardoe, having consulted with the
Company's nominated adviser, believe that the terms of this transaction are fair
and reasonable insofar as shareholders are concerned.


Following the Placing A Knight and Dr I Pardoe will own 70,931,542 and
35,909,782 shares respectively, representing 39.03 and 19.76% respectively of
the Company's enlarged issued share capital.


The Placing is to fund additional working capital for the Company.


Application has been made for the new shares to be admitted to AIM and trading
in the new shares is expected to commence on Tuesday 13 May 2003.


ENDS







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