Placing of 500,000 Shares

    22 September 2003

                                  Vantis plc                                   

                          ("Vantis" or the "Company")                          

          Placing of 500,000 ordinary shares at 102p (the "Placing")           

Vantis, the accountancy and professional services advisory group, is pleased to
announce that the Company has raised £510,000 through a placing of 500,000 new
ordinary shares (the "New Ordinary Shares") at a price of 102p per share with a
new institutional investor representing approximately 1.35% of the enlarged
issued share capital of the Company. At the same time the Company's broker
Charles Stanley will also place a further existing 259,086 ordinary shares,
also at 102p per share with the same institutional investor.

The proceeds of the placing will be used to augment the Company's existing
working capital facilities and for the development of the Group's business.

Accordingly, application has been made for 500,000 new ordinary shares to be
admitted to trading on the Alternative Investment Market and dealings are
expected to take place on Thursday 25 September 2003.

For further information:

Vantis plc                                                       
                       

Paul Jackson

Paul Ashton                                                               
            020 7417 0417

Charles Stanley & Company Limited                                              

Russell Cook                                                             
            020 7953 2000

Buchanan Communications

Suzanne Brocks                                                           
            020 7466 5000



END