Issue of Equity

RNS Number:6439Q
London Asia Capital PLC
08 October 2003

            LONDON ASIA CAPITAL PLC ("London Asia" or "the Company")

Institutional Placing Raises #2.3 million - Proceeds To Be Used For Beijing
Success Option and New Investments

The Company is pleased to announce that Insinger Townsley, the Company's broker,
has successfully placed 24.0 million new ordinary 5p shares ("the Placing") with
institutional investors at a price of 10p per share, subject to admission to
trading on AIM.  The placing has raised #2.3 million, net of expenses.  Each
share placed has one warrant attached exercisable at a price of 10p per share,
valid for a period of twelve months from the date of the forthcoming Annual
General Meeting.  Application will be made to admit the new ordinary shares
issued pursuant to the Placing to trading on AIM and admission is expected on
14th October 2003.  The warrants will not be admitted to trading on AIM.  The
total number of issued ordinary shares in the Company admitted to AIM following
the placing will be 46.4 million ordinary shares.

It is the Company's intention to use the proceeds from the Placing to invest in
future projects to expand the Company's existing investment portfolio, and to
exercise the option to take our stake in Beijing Success, the Chinese software
business in which London Asia already holds 25%, to 51%.

Simon Littlewood, Chief Executive of London Asia, said: "Following substantial
interest in the Company from institutional investors, the Board took the
decision to increase the size of the fund raising from #1.0m to #2.4m.  This
provides us with additional capital above that required to exercise the Success
option which will enable us to accelerate our investment programme.  The Company
has suffered in the past from the lack of an institutional shareholder base to
support the longer term financing needs of the Company as we build up a
portfolio of investments in China.  This Placing brings in institutions that we
hope will provide a firm shareholder base from which to expand the Company."


ENQUIRIES:

Paul Quade, City Road Communications                  Tel [phone]
7th Floor, Roman House
Wood Street
London EC2Y 5BA


About London Asia Capital plc

London Asia is an AIM listed (code LDC) investment business, focused on
investing in established, profitable businesses in the Greater China region
which have the potential to grow rapidly and benefit from the management skills
which the London Asia management team can bring, particularly our experience in
bringing businesses to capital markets both in Europe and Asia. The Company has
offices and associates in London, China, Hong Kong, Taiwan and Singapore.  Visit
www.londonasiacapital.com for more information on the Company.




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