Issue of Equity

RNS Number:7952D
Aquilo PLC
30 May 2006

                                   Aquilo Plc

                       Placing of Shares raising #200,000


Aquilo Plc ("the Company") today announces that it has allotted and applied for
the admission to trading on AIM of 14,545,454 new ordinary shares of 1 pence
each ("the Placing Shares") at 1.375 pence per share ("the Placing") with
investors.  Of these, 11,745,455 Placing Shares have been allotted to Noble VCT
plc, and a further 2,072,727 Placing Shares have been allotted to Noble Income &
Growth VCT plc.  In total, gross proceeds of approximately #200,000 have been
raised.  Following the Placing the Company will have a total of 371,669,900
ordinary shares in issue.

The Placing Shares will rank pari passu with the existing ordinary shares in
issue.  Following the Placing Noble VCT plc now has a total interest in
31,745,455 ordinary shares representing 8.54% of the issued ordinary share
capital of the Company and Noble Income & Growth VCT plc has a total interest in
7,599,049 ordinary shares representing 2.04% of the issued ordinary share
capital of the Company.

Application for the Placing Shares to be admitted to trading on AIM has been
made and it is expected that the Placing Shares will begin trading on AIM on 5
June 2006.

The Placing has been undertaken to provide further working capital for the
development of Aquilo Inspection and Reinstatement Services ("AIRS"), which
provides services relating to building repairs to insurers and other clients.

Clive Nicholls, Chief Executive of Aquilo Plc, commented: "The ongoing funding
of AIRS is important to the Company as we have identified significant
opportunity in this sector.  AIRS will complete the development of its
infrastructure and plans to take on its first customers over the summer".


Enquiries:

Alan Frame, Equity Development, Tel: [phone]
Alasdair Robinson, Noble & Company Limited, Tel: [phone]




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