Issue of Equity

RNS Number:3519L
Screen PLC
21 May 2003





                           Screen plc ("the Company")



            Placing of 7,740,805 new ordinary shares at 12p per share



The Company announces that it has conditionally placed 7,740,805 new ordinary
shares ("the Placing Shares") with institutional and other investors at 12p per
Placing Share ("the Placing Price") ("the Placing"). The Placing will raise
approximately #875,000 for the Company (net of expenses) which will principally
be used to fund a number of business opportunities that are currently being
negotiated.



The Placing Price represents a discount of approximately 7.7 per cent. to
yesterday's closing middle market price of 13.0p. The Placing Shares, which are
to be issued pursuant to an authority granted by shareholders at the Annual
General Meeting of the Company held on 17 June 2002, represent approximately
14.0 per cent. of the Company's existing issued share capital.



Application will be made for the Placing Shares to be admitted to the
Alternative Investment Market of the London Stock Exchange. Admission is
expected to take place on 28 May 2003. The Placing Shares will be identical in
all respects to the Company's existing ordinary shares.



The Company continues to trade in line with budget.





21 May 2003



Contacts:



Screen Plc

Adrian Merryman - Chief Executive

Tel: [phone]

www.screenplc.com



Binns & Co. PR Ltd

Tel: [phone] Paul McManus/ Peter Binns

e-mail: [e-mail]






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