Result of Placing

RNS Number:2349U
Northgate PLC
14 January 2004



14 January 2004



Northgate plc ("Northgate" or the "Company")



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, JAPAN OR AUSTRALIA



Result of placing



Northgate is pleased to announce the successful completion of the placing
announced earlier today. A total of 3,040,000 new ordinary shares of 5 pence
each ("Placing Shares") have been placed, by Hoare Govett Limited, with
institutions at a price of 545 pence per share, raising approximately #16.6
million before expenses.



The Placing Shares will be issued credited as fully paid and will rank pari
passu in all respects with Northgate's existing ordinary shares of 5 pence each,
including the right to receive all dividends and other distributions declared,
made or paid in respect of such ordinary shares, save for the interim dividend
of 7.0 pence per share in respect of the six months ended 31 October 2003
payable on 13 February 2004 to shareholders on the register at the close of
business on 23 January 2004.



The placing is conditional, inter alia, on admission of the Placing Shares to
the Official List of the UK Listing Authority and to trading on the London Stock
Exchange (together "Admission"). It is expected that settlement will occur,
Admission will become effective and dealings in the Placing Shares will commence
on 19 January 2004.



Application has been made to the UK Listing Authority for the Placing Shares to
be admitted to the Official List maintained by the UK Listing Authority, and for
such shares to be admitted to trading by the London Stock Exchange.



Enquiries:


Northgate plc
Steve Smith, Chief Executive Officer                              01325 467 558
Gerard Murray, Finance Director


Hoare Govett Limited
Corporate Broking
Andrew Chapman/Andrew Foster                                      020 7678 8000
Corporate Finance
Chris Fielding/Stephen Bowler                                     020 7678 8000
Syndicate
John MacGowan                                                     020 7678 1084


Hogarth Partnership Limited
Andrew Jaques                                                     020 7357 9477
Tom Leatherbarrow



This press release is not an offer for sale of securities in or into the United
States, Canada, Japan, Australia or the Republic of Ireland or in any other
jurisdiction.  Any securities issued may not be offered or sold in or into the
United States, absent registration or an exemption from registration under the
US Securities Act of 1933, as amended.



Hoare Govett Limited is acting exclusively for Northgate in connection with the
placing and no one else and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Hoare Govett
Limited nor for providing advice in relation to the Placing or any transaction
or arrangement referred to herein.  Hoare Govett Limited can be contacted at 250
Bishopsgate, London EC2M 4AA.










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

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