DPT Disperse Tech

RNS Number:2031B
Disperse Technologies Group PLC
26 July 2004

Disperse Technologies Group plc ("Disperse" or "the Company")

Result of extraordinary general meeting, placing and offer for subscription

Admission to trading on AIM

Acquisition of Elizabeth French plc ("Elizabeth French")

Disperse announces that all of the resolutions set out in the circular issued by
the Company on 30 June 2004 were duly passed by shareholders at the
extraordinary general meeting of the Company held on Friday 23 July 2004.

As such, Disperse has successfully placed 23,382,222 ordinary shares at 18p per
share and allotted a further 2,545,889 ordinary shares at 18p per share pursuant
to an offer for subscription, raising in aggregate approximately #4.7 million
(before expenses). The Company has also allotted 8,333,333 ordinary shares as
part of the initial consideration payable on the acquisition of Elizabeth
French.

In aggregate, 60,710,535 ordinary shares in Disperse have been admitted to
trading on AIM today, along with certain existing warrants over ordinary shares
in the Company.

The monies raised from the placing and offer for subscription are being used to
fund initial cash consideration on the acquisition of Elizabeth French and to
provide working capital to finance the enlarged group's future strategy.
Elizabeth French is an established importer and wholesale distributor of branded
cosmetics and toiletries, supplying retailers and distributors in the UK and
overseas. In its financial year to 30 April 2003, Elizabeth French generated
revenue of around #12.9 million and operating profit of over #1.1 million.

Targeting specific niche markets, aimed mainly at under 25 year olds, with
considerable emphasis on product design and marketing, Elizabeth French has
created a successful portfolio of value-for-money brands including "Katie &
Friends" and "Lizzie". It has this year introduced a new brand, "VIVO", an
appealing range of colour cosmetics that the Directors believe should extend the
age range of Elizabeth French's target market. VIVO offers significant growth
potential and will present additional line extension opportunities to utilise
Disperse's existing technologies.

For Further Information:

Disperse Technologies plc
Colston Herbert / Richard Twydell                               01483 307900

Acorn Corporate Finance Ltd
Graham Norfolk                                                0870 122 54 20

Beattie Financial
Brian Coleman-Smith / John Moriarty / Jo Clewlow               020 7398 3300



                      This information is provided by RNS
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