Result of EGM

RNS Number:4512C
TradingSports Exchange Systems PLC
31 August 2004


               TRADINGSPORTS EXCHANGE SYSTEMS PLC (the "Company")               
                                                                              
 RESULT OF EGM IN RELATION TO PROPOSED SUBSCRIPTION FOR 30,000,000 NEW ORDINARY 
                          SHARES AT 15 PENCE PER SHARE                          

The Company announces that the necessary resolutions were passed at today's
extraordinary general meeting to enable the proposed subscription to proceed.
Funds, or satisfactory assurances regarding the imminent receipt of funds, have
been received from subscribers, including the largest investor, in respect of
23,333,333 shares, totalling #3,500,000.

The Company expects to proceed with the allotment of these shares and to apply
for admission of these shares to trading on AIM on 2 September 2004. Admission
is expected to become effective on 3 September 2004.

The Directors are continuing discussions in relation to the funds that have not
been received and will update shareholders in due course.

Whether or not any further funds are received and any further shares are
allotted, the Directors remain confident that, taking into account the proceeds
of the subscription, the Company has sufficient new capital to implement its
business strategy.

31 August 2004



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