Irrevocable Undertaking

RNS Number:5214F
XploiTe PLC
11 October 2007



                            Xploite Plc ("Xploite")

                   Offer for Red Squared Plc ("Red Squared")
                           Irrevocable Undertakings



Further to the announcement on 25 September 2007 regarding Xploite's recommended
cash offer for Red Squared plc, Xploite is pleased to announce it has received
two further irrevocable undertakings to vote in favour of the Offer in respect
of, in aggregate, a further 3,050,000 Red Squared Shares representing
approximately 10.8 per cent. of Red Squared's Existing Share Capital.

On 10 October 2007 Xploite received an irrevocable undertaking to accept the
Offer from ANS Group Plc in respect of 1,700,000 Red Squared Shares representing
approximately 6.0 per cent. of the Red Squared Existing Share Capital.

Xploite also announces that on 10 October 2007 it received an irrevocable
undertaking to accept the Offer from Mr. Adrian Wright in respect of 1,350,000
Red Squared Shares representing approximately 4.8 per cent. of the Red Squared
Existing Share Capital.

Both irrevocable undertakings received will cease to be binding in the event
that there is either a higher competing offer for Red Squared or a higher offer
for those Red Squared shares subject to the irrevocable undertaking by the 17th
October 2007 or if the Offer lapses or is withdrawn.

Following receipt of this irrevocable undertaking, Xploite has now received
irrevocable undertakings to accept the Offer in respect of 18,351,400 Red
Squared Shares representing approximately 64.7 per cent. of the Red Squared
Existing Share Capital.

This announcement should be read in conjunction with the Offer Document dated 26
September 2007. Terms used in this announcement shall have the meaning given to
them in the Offer Document.




Enquiries:

Xploite Plc
Tel: [phone]

Ian Smith (Chief Executive Officer)

KBC Peel Hunt Ltd
Tel: [phone]

Richard Kauffer
Nicholas Marren

College Hill
Tel: [phone]

Adrian Duffield



KBC Peel Hunt, which is authorised and regulated by the Financial Services
Authority in the United Kingdom, for investment business activities, is acting
for Xploite in connection with the Offer and no one else, and will not be
responsible to anyone other than Xploite for providing the protections afforded
to clients of KBC Peel Hunt nor for providing advice in relation to the Offer,
or any arrangement referred to herein.

Daniel Stewart, which is authorised and regulated by the Financial Services
Authority in the United Kingdom, is acting for Red Squared and no one else in
relation to the Offer and will not be responsible to anyone other than Red
Squared for providing the protections afforded to clients of Daniel Stewart nor
for providing advice in relation to the Offer or any arrangement referred to
herein.

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore persons in
such jurisdictions into which this Announcement is released, published or
distributed should inform themselves about, and observe, such restrictions. Any
failure to comply with the restrictions may constitute a violation of the
securities laws of any such jurisdiction.

The Offer is not being made, directly or indirectly, in or into, or by use of
the mails, or by any means or instrumentality (including, without limitation,
facsimile transmission, internet, email, telex or telephone) of interstate or
foreign commerce, or of any facility of a national securities exchange, of any
of the Restricted Jurisdictions and cannot be accepted by any such use, means,
instrumentality or facility or from within any of the Restricted Jurisdictions.

The Offer will not be made, directly or indirectly, in, into or from, or by use
of the mails, or by any means or instrumentality (including, without limitation,
facsimile transmission, telex, telephone or e-mail) of interstate or foreign
commerce, or any facility of a national securities exchange, of the United
States, Canada, Australia, Japan or South Africa or any other jurisdiction if to
do so would constitute a violation of the relevant laws of such jurisdiction.
Accordingly, this announcement, copies of this announcement and any related
documents will not be and must not be mailed or otherwise distributed or sent
in, into or from the United States, Canada, Australia,  Japan or South Africa or
any other jurisdiction if to do so would constitute a violation of the relevant
laws of such jurisdiction and persons receiving this document and any related
documents (including, without limitation, custodians, nominees and trustees)
must not mail or otherwise forward, distribute or send them in, into or from the
United States, Canada, Australia,  Japan or South Africa or any other
jurisdiction where it would be unlawful to do so. All Red Squared Shareholders
(including, without limitation, nominees, trustees or custodians) who would, or
otherwise intend to, forward this announcement, should inform themselves about
and observe any applicable requirement.

This announcement does not constitute an offer to sell or an invitation to
purchase any securities or the solicitation of an offer to purchase any
securities, pursuant to the Offer or otherwise.





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

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