Capital Reorganisation

RNS Number:3008N
Lombard Medical PLC
08 July 2003

                Lombard Medical PLC ("Lombard" or "the Company")

                              Recapitalisation



The board of Lombard (the "Board") announces that, following consideration of
the most appropriate mechanism for making available funds from Advanced Medical
Technologies plc ("AMT"), the Board is proposing a recapitalisation of Lombard.



Currently funds from AMT are being made available to Lombard in the form of a
short-term loan which is repayable on demand.  In the view of the Board this
does not give Lombard long-term stability.  The Board therefore wishes to
capitalise Lombard on a basis appropriate to Lombard's status as a development
company.



It is proposed that the recapitalisation of Lombard will be in the form of an
offer for subscription of an equity based instrument (yet to be determined) ("
Recapitalisation"), to be implemented following the close of the recommended
offer for Lombard by AMT due to take place at 3.00p.m. on 11 July 2003 and the
subsequent cancellation of listing on AIM of the Lombard Shares, which is
anticipated to take place with effect from 7.00 a.m. on 28 July 2003. In
accordance with statutory pre-emption rights, all shareholders on the Lombard
register at the relevant record date will be eligible to subscribe under the
Recapitalisation on a pro-rata basis.  AMT has indicated to Lombard that it will
take up its entitlement under the Recapitalisation in full.



The Recapitalisation will be subject to shareholder approval at an extraordinary
general meeting of the Company. The Board will be writing to shareholders in due
course with further details of the Recapitalisation.



Enquiries:


Simon Stock
Director
020 7710 4500




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

CARUWOSROSRBRAR