Disposal

RNS Number:5735T
EmdexTrade PLC
22 December 2003



                                  Announcement

                                Emdex Trade PLC



                        FINANCING AND LOAN ARRANGEMENTS





As announced in the Company's interim results to 30 April 2003 and pursuant to
an agreement between CCH Europe GmbH ("CCH"), a company controlled by Eren Nil,
the outstanding loan of #300,000 from CCH has now been satisfied by the issue of
4,444,444 ordinary shares to CCH.



Eren Nil has consequently increased his shareholding from 82.4% to 84% of the
issued share capital as enlarged by this transaction.



On 23 October 2003 the Company disposed of its entire beneficial interest in
EmdexTrade Delaware LLC for USD 25,000.  The purchaser was Watamu Trading
Company EC, a company registered in Bahrain and controlled by Eren Nil.
EmdexTrade Delaware LLC has made accumulated losses of USD 606,935 at 31 July
2003 and owed the Company USD 475,866, the responsibility for which has been
assumed by CCH Europe gmbH, a company controlled by Eren Nil.



The effect of the above transactions has been to strengthen the Company's
balance sheet and significantly reduce the operating costs.



The Directors consider these to be related party transactions under AIM Rule 12.
  With the exception of Eren Nil who is involved in the transaction as the
related party, the directors of EmdexTrade PLC, having consulted with its
Nominated Adviser, consider that the terms of the transactions are fair and
reasonable insofar as the Company's shareholders are concerned.



The following details are released as required by Schedule 4 of the AIM Rules:



a)      Particulars of transaction - sale of subsidiary undertaking

b)      Description of business - managing alternative investment funds

c)      Profits attributable - nil

d)      Value of assets - Deficit of USD 581,935 at 31 July 2003

e)      Full consideration - USD 25,000

f)      Effect on AIM company - Strengthening of balance sheet and reduction
        of operating costs

g)      Details of proposed service contracts - N/A

h)      Application of sales proceeds - working capital




Enquiries:

Company:              Patrick Kennedy (FD) London :      [phone]





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            The company news service from the London Stock Exchange
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