AQL Aquilo

RNS Number:2588F
Aquilo PLC
27 June 2006

                                   Aquilo Plc


                          Placing of 15,000,000 Shares


Aquilo Plc ("the Company") today announces that it has issued and applied for
the admission of 15,000,000 new ordinary shares of 1p each ("Placing Shares") at
a price of 1.7 pence per share (the "Placing") with Paradigm Global Ventures LLP
investors. Following the Placing the Company will have a total of 437,469,900
ordinary shares in issue.


Application for the Placing Shares to be admitted to AIM has been made and it is
expected that the Placing Shares will begin trading on AIM on 30 June 2006. The
Placing Shares will rank pari passu with the existing ordinary shares in issue.


The Company has been notified that the beneficial interest in 7,500,000 of these
shares will be held by Michael McVicar and that consequently Alison McVicar and
Michael McVicar, who are connected persons, will hold a combined total of
24,527,753 ordinary shares of 1p each in the Company, representing 5.6% of the
issued ordinary share capital of Aquilo Plc.


The Placing has been undertaken to assist the funding of the exceptional cost
relating to the acquisition of IT Solutions (GB) Ltd by Aquilo Plc announced on
20 June 2006.



Enquiries:

Alan Frame, Equity Development, Tel: 0207 405 7777

Alasdair Robinson, Noble & Company Limited, Tel: 0131 225 9677




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