Issue of Equity

RNS Number:5897C
Orientrose 2 PLC
03 September 2004


FOR IMMEDIATE RELEASE

3 September 2004

                                Orientrose 2 plc
                        ("Orientrose" or the "Company")
        Placing, change in significant shareholder and issue of warrants

The Board of Orientrose 2 announces that on 2 September 2004, the Company's
broker, Seymour Pierce Ellis, placed 10,750,000 new ordinary shares of 1p each
("Ordinary Shares") at 4.5p each with clients of Seymour Pierce Ellis (the "4.5p
Placing"). Application will be made for the new Ordinary Shares to be admitted
to trading on AIM. The Company intends to use the net proceeds of the 4.5p
Placing, together with the proceeds from the placing of 11,000,000 Ordinary
Shares at 4p each as previously announced on 19 August 2004 (the "4p Placing")
to provide additional working capital for the Company. Following completion of
the 4.5p Placing, the Company will have 56,660,000 Ordinary Shares in issue.

The Company was also informed on 1 September 2004 that Griffin Securities (UK)
Limited ("Griffin") had sold 2,000,000 Ordinary Shares at a price of 6p per
Ordinary Share on 31 August 2004. The Company was further informed on 2 March
that Griffin had sold 1,750,000 Ordinary Shares at a price of 4.5p per Ordinary
Share on 2 September 2004. As a consequence, Griffin no longer has a disclosable
interest in the issued share capital of the Company.

In connection with the 4p Placing, the Company proposes to issue warrants (the
"4p Warrants") to subscribe for in aggregate 4,760,000 new Ordinary Shares. The
4p Warrants are exercisable (in full or in part) for a period of 18 months up to
and including 3 September 2006 at an exercise price of 4p per Ordinary Share.
1,100,000 4p Warrants are to be issued to Griffin in connection with services
provided by Griffin pursuant to the 4p Placing.

In connection with the 4.5p Placing, the Company proposes to issue warrants (the
"4.5p Warrants") to subscribe for in aggregate 1,760,000 new Ordinary Shares.
The 4.5p Warrants are exercisable (in full or in part) for a period of 18 months
up to and including 3 March 2006 at an exercise price of 4.5p per Ordinary
Share. 1,100,000 4.5p Warrants are to be issued to Griffin in connection with
services provided by Griffin pursuant to the 4.5p Placing.

ENDS

Enquiries:

Vince Nicholls 01732 838 877

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