Result of Cash Out Election

RNS Number:5513N
Urbium PLC
15 July 2003

For immediate release


                                 URBIUM PLC

                          Result of Cash-Out Election


Urbium PLC (the "Company") announces that, pursuant to the free dealing service
offered to small shareholders in the Company (the "Cash-Out Election") and the
consolidation of the Company's ordinary share capital which were the subject of
a circular to shareholders dated 3 June 2003 (the "Circular"), 2,733
shareholders holding an aggregate of 116,488 ordinary shares of 50 pence each
(the "Cash-Out Shares") have elected to take advantage of the opportunity to
have their shares sold in the market for the benefit of such shareholders.



In addition to the Cash-Out Shares, a further 2,684 ordinary shares (the "
Consolidation Shares") fall to be sold for the benefit of the Company, which are
ordinary shares arising from the aggregation of fractional entitlements to
ordinary shares following the consolidation of the Company's ordinary share
capital as described in the Circular.



Pursuant to the Cash-Out Election, Numis Securities Limited, the Company's
broker, has placed or sold in the market the Cash-Out Shares and the
Consolidation Shares at a price of 355 pence per share.



Enquiries:



Steven Palmer, Finance Director, Urbium PLC - tel. [phone]

Simon Charles, Numis Securities Limited - tel. [phone]


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