Pearl Micro Solutions Limited

RNS Number:5100T
Maisha PLC
19 December 2003


                                   MAISHA PLC

                         PEARL MICRO SOLUTIONS LIMITED


Maisha plc ("Maisha") announces that, in relation to the acquisition by Maisha
of the entire issued share capital of Pearl Micro Solutions Limited ("PMS") (the
"Acquisition"), pursuant to the terms of the agreement (the "Acquisition
Agreement") dated 24 July 2003 between, Salman Mahmood and Gamma Ventures
Limited (1), Faheem Ahmad (2) and Maisha (3), Maisha has been advised that the
net asset value of PMS as at the date of completion of the Acquisition, being 26
August 2003, is likely to have been materially below the requirement of #55,000
under the Acquisition Agreement. Maisha has yet to receive the formal
certificate from the auditors certifying the net asset value at 26 August 2003.
Salman Mahmood and Faheem Ahmad, who gave the net asset value warranty contained
in the Acquisition Agreement, have been reminded of their obligations to pay in
cash a sum equal to the shortfall as evidenced by the auditors' certificate.

The directors of Maisha intend to conduct a review of the performance of PMS
since the date of completion of the Acquisition.

A further announcement will be made in due course.



19 December 2003


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