Revision of earn-out

RNS Number:7660K
First Artist Corporation PLC
20 October 2006

                                                                 20 October 2006


                           FIRST ARTIST CORPORATION PLC

             Revision of earn-out consideration for The Finishing Touch

First Artist Corporation PLC ("the Company") announces certain revisions to the
financial details released on 7 August 2006 in respect of the first tranche of
earn-out consideration payable to the vendors of The Finishing Touch (Corporate
Events) Limited, as follows:

597,803 new ordinary shares of 0.25 pence each in the capital of the company ("
New Ordinary Shares") on the basis of an average mid-market price of 6.88 pence
per share have been issued to the vendors, rather than 528,089 New Ordinary
Shares as originally stated;

The total value of interest bearing unsecured loan notes, redeemable six months
from issue, that have been issued is #578,803 rather than #509,089 as previously
stated.

Application has therefore been made for the admission of 69,714 additional New
Ordinary Shares to trading on the AIM market of the London Stock Exchange. Upon
issue, the additional New Ordinary Shares will rank pari passu with the
Company's existing Ordinary Shares.  It is expected that such admission will
become effective and that dealings in the additional New Ordinary Shares will
commence on 25 October 2006 ("Admission"). Following Admission, the Company will
have in issue an aggregate of 113,258,762 Ordinary Shares.

                                     -ENDS-


Enquiries:           Michael Sandler / Nick Lyon /       Jon Smith, Chief Executive
                     James White                         Richard Hughes, Finance Director

                     Hudson Sandler                      First Artist Corporation plc
Telephone            [phone]                       020 8900 1818




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