RNS Number:1223I
Staffing Ventures PLC
28 February 2003


STAFFING VENTURES PLC (the "COMPANY")

PROPOSED SHARE CONSOLIDATION (THE "SHARE CONSOLIDATION") AND PLACING FOR CASH OF
2,926,329 NEW ORDINARY SHARES OF 5P EACH (FOLLOWING THE SHARE CONSOLIDATION)
(THE "NEW ORDINARY SHARES") AT 50p PER NEW ORDINARY SHARE (THE "PLACING")

The Board of the Company today announces:

(i)     the Share Consolidation, whereby every 100 of the issued and unissued 
        existing ordinary shares with a nominal value of 0.05p each in the 
        capital of the Company will be consolidated into 1 new ordinary share 
        with a nominal value of 5p each in the capital of the Company. The Share 
        Consolidation is conditional upon the passing of an ordinary resolution 
        at an Extraordinary General Meeting of the Company ("EGM") to be held on 
        24 March 2003; and

(ii)    the Placing by which the Company intends raising #1.29 million (net of 
        expenses). Arbuthnot Securities Limited Arbuthnot"), as agent for the 
        Company, has conditionally placed the New Ordinary Shares with a number 
        of institutional and other investors (including Bob Holt, through his 
        pension fund, which is subscribing for 60,000 New Ordinary Shares) at a 
        placing price of 50p, the Placing being conditional, inter alia, upon 
        the placing agreement between the Company and Arbuthnot dated 28 March 
        2003 becoming unconditional and the New Ordinary Shares being admitted 
        to trading on AIM ("Admission") and Admission becoming effective in 
        accordance with the rules of AIM.

Application will be made for Admission, and subject to each of the resolutions
to be proposed at the EGM being passed it is expected that Admission will become
effective on 28 March 2003.

The Company intends to utilise the net proceeds of the Placing to increase the
size of its back office and payroll outsourcing division. As previously
announced, the Board is committed to building a profitable platform for future
growth and the Board believes that acquiring a company or companies which
provide back office and payroll services should allow a critical mass to be
attained more quickly than would be possible by organic growth alone.

Enquires:
Bob Holt, Chairman, Staffing Ventures plc                           07778 798816
Richard Welton, Arbuthnot                                          0121 710 4501



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