Proposed Placing

RNS Number:1570H
Vividas Group plc
07 November 2007



VDS.L
                               Vividas Group plc

                          ('Vividas' or 'the Company')

     Proposed Placing of 10.0 million Placing Shares at 25 pence per share

The board announces that Vividas has agreed terms for a placing of 10.0 million
new ordinary shares in order to raise #2.5 million (before expenses) at a
placing price of 25 pence per new ordinary share. In a separate statement issued
today, the Company has also announced its preliminary results for the year ended
30 June 2007.

In order for the placing to be effected, it is necessary to seek shareholders'
approval to authorise the directors to allot the placing shares pursuant to the
placing at an Extraordinary General Meeting ("EGM") of the Company which is
being convened for 9 a.m. on 30 November 2007. This announcement sets out the
details of and the reasons for the placing.

Reasons for the Placing and Use of Proceeds

The net proceeds of the placing will allow Vividas to focus on its overseas
opportunities. Specifically they will be used to facilitate the Company's
expansion on the West Coast of USA and entry into the key market of Asia. In
addition, the placing proceeds allow general improvements in operations and
support, especially for larger contracts, together with investment in products
and marketing. The Company will also be able to continue its research and
development programme for new products such as the Pay Per View ("PPV") portal &
Internet TV.

Details of the Placing

On behalf of, and as agents for, the Company and pursuant to the terms and
conditions of the Placing Agreement, HB Corporate has placed 10.0 million new
ordinary shares with institutional and other investors at a price of 25 pence
per placing share, to raise #2.5 million before expenses. The placing is
conditional, inter alia, on the passing of the necessary resolutions at the EGM
and admission to trading on AIM taking place by 7 December 2007 or such later
time, being not later than 14 December 2007, as the Company and HB Corporate may
agree.

The placing shares, once issued, will rank pari passu with the existing ordinary
shares, including the right to receive all dividends and other distributions
thereafter declared, made or paid. The placing shares are expected to be
admitted to trading on AIM on 7 December 2007.

The Company chairman David Pearson has conditionally agreed to purchase 60,000
shares as part of the placing. He will hold 0.14% of the enlarged share capital.


Expected timetable of events

Latest time and date for receipt of Forms of Proxy     9 a.m. on 28 November 2007


Extraordinary General Meeting                          9 a.m. on 30 November 2007

Dealings in placing shares commence on AIM and                    7 December 2007
CREST accounts credited in respect of the placing
shares to be held in uncertified form

Despatch of definitive share certificates in                  By 20 December 2007
respect of the placing shares to be held in
certified form


Paul Neville, Group CEO, commented,

"The business has made very encouraging progress over the past year, both
commercially, with new customer agreements and channel partner relationships,
and technically, with the release of new products.

Given the unique advantages of our video streaming technology, we believe that
we will continue to make progress in commercialising our technology and this
placing will help support the business as we look to build on the opportunities
available."

Vividas Group plc
Paul Neville (Group CEO)/Greg Minns (Group FD)       Tel: [phone]
[e-mail]                                 www.vividas.com
[e-mail]

HB Corporate
Jim McGeever/ Rachel Kane                            Tel: [phone]
[e-mail]                         www.hbcorporate.co.uk
[e-mail]

Biddicks
Katie Tzouliadis / Sophie Lane                       Tel: + 44 (0) 20 7448 1000
                                                     www.biddicks.co.uk

Notes for Editors:

Quoted on AIM, Vividas Group plc (VDS.L) has developed and provides video
streaming technology and related products which enable full screen, very high
quality video to be played via networks, including the Internet or via discs,
without normally requiring software installation.

Vividas' proprietary technology overcomes the disadvantages of competing CD and
streaming market solutions. These competing technologies typically offer only
partial screen, or poor quality full screen, viewing and generally require the
user either to have or to install specialist player software.

For more information, visit www.vividas.com.






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

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