Notice of EGM

RNS Number:9632W
Virtue Broadcasting PLC
26 March 2004


VIRTUE BROADCASTING PLC

26 March 2004

NOTICE OF EXTRAORDINARY GENERAL MEETING ("EGM")

Virtue Broadcasting Plc (the 'Company') announces that it is today sending a
circular to shareholders convening an EGM for 20 April 2004. The circular
contains resolutions to allow the Company to increase its share capital
authorities.

As announced on 23 February 2004, the Company has made great progress in the
last 12 months. In this period it has acquired the businesses of Unit.Net A.G.
and Kamera Holdings AB as part of its strategy of consolidating the fragmented
European market in the IP based Corporate Communications sector. Additionally,
the Company has strengthened its financialposition by raising around #1.8
million (before expenses) in aggregate during this period. As a result of these
actions, the Board has used almost all of its available authority to issue new
ordinary shares.

The Company is continuing to pursue its expansionist policy and is regularly
seeing opportunities for potential acquisitions. To be in a position to take
advantage of these opportunities, the Company requires the ability to issue new
shares - either to satisfy part or all of the consideration, or to issue to new
investors in a cash placing, in each case to fund these acquisitions. The Board
confirms that there are a number of such acquisitions currently under review,
albeit none of them are sufficiently advanced so as to merit an announcement at
this stage.

 Mike Neville, Chairman commented:
"Following the successful integration of our past two acquisitions I am very
excited to see the management at Virtue making progress in delivering the
Group's growth strategy. Should any of the acquisitions under review come to
fruition they will bring further value to the group by contributing to group
revenues and by further complementing our current offerings and widening our
blue chip customer base. I have every confidence thatthe team at Virtue can
promptly exploit the synergies and cost savings offered by potential
acquisitions thus delivering further value to the group and its shareholders.
Myself and the board are pleased to have seen the progress in these talks and
unanimously recommend shareholders to vote in favour of the resolutions, as we
have undertaken to do so in respect of our own holdings."

-ends-

For further information please contact:

James Ormondroyd, Finance Director
Tel: [phone]
Email: [e-mail]


ENDS



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