Issue of Equity

RNS Number:9244S
Bits Corp PLC
05 December 2003





Press Release

05 December 2003


BITS CORP PLC


Placing of 2,500,000 ordinary shares of 1p each at 4p per share


The Board of Bits Corp plc ("Bits Corp" or "the Company"), a leading UK
developer of video games software for major console platforms, is pleased to
announce that a Placing of 2,500,000 ordinary shares at a price of 4p each has
been successfully completed, raising #100,000 before expenses, subject to
admission of the new shares to the Alternative Investment Market of the London
Stock Exchange.



This Placing has been carried out in accordance with the authority limits
conferred upon the Board at the last Annual General Meeting and has been
undertaken in order to provide additional working capital for projects under
development.



As a result of the Placing, the Company will have 43,991,690 ordinary shares in
issue.





                                    - Ends -





For further information, please contact:



Bits Corp plc  (www.bitscorp.com)

Foo Katan, Chief Executive

Tel: + 44 (0)20 8282 7200

Email: [e-mail]




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

IOEUUGPGPUPWGPA