Issue of new ordinary shares

RNS Number:2154R
LiDCO Group Plc
23 October 2003




                                LiDCO GROUP PLC



       Issue of new ordinary shares - Lidco Group Plc raises #1.0 million

LiDCO Group Plc (the "Company"), the UK based, AIM traded cardiovascular
monitoring company, announces that the Board has allotted and issued a total of
5,131,154 new ordinary shares through a placing at 19.5 pence per share, raising
#1.0 million before expenses.

The Board is pleased to announce that Nomura International plc has placed
5,131,154 new ordinary shares of 0.5 pence each at a price of 19.5 pence per
ordinary share with institutional investors to raise approximately #1.0 million
before fees and expenses. The Placing is conditional upon the new ordinary
shares being admitted to trading on AIM. The new ordinary shares represent 7.1
per cent. of the existing issued share capital of the Company.

The proceeds of this placing will be used to bolster the Company's cash reserves
for working capital.

The new ordinary shares will rank pari passu with the existing ordinary shares
of the Company. Application will be made for the new ordinary shares to be
admitted to trading on AIM and dealings are expected to commence on 29 October
2003.

CEO Terry O'Brien stated "The placing strengthens the Company's cash position
and also it is particularly pleasing that a number of new institutions are
investing in the Company".


Enquiries:

LiDCO Group Plc                                                  020-7749 1500
  Terry O'Brien (CEO) [e-mail]                            020-7749 1502
  Richard Mills (FD) [e-mail]                           020-7749 1509


Bankside Consultants Limited
  Charles Ponsonby (PR) [e-mail]            020-7444 4166





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