EQS Equity Special

RNS Number:9608R
Equity Special Situations Limited
29 September 2005

                       Equity Special Situations Limited


                  Placing of shares by Noble & Company Limited


Equity Special Situations Limited ('ESS' or 'the Company'), the AIM-quoted
strategic investment company, today announces that it has placed 544,000 new
ordinary shares of 1p ('Placing Shares') at 125p per share (the 'Placing'),
raising gross proceeds of approximately #680,000 equivalent to 5.5 per cent. of
the Company's issued share capital prior to the Placing.

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 5 October 2005.
The Placing Shares will rank pari passu with the existing ordinary shares in
issue. Following the Placing, the Company will have a total of 10,427,888
ordinary shares in issue.

Peter Griffin, Director of ESS, commented: 'ESS is delighted to have been able
to broaden its shareholder base and attract new capital. We see a healthy
pipeline of potential opportunities in the coming months from which to choose
further investments and this placing will enable ESS to widen its portfolio with
the aim of generating higher returns for our shareholders in the future.'


Contacts:


Equity Special Situations Limited
Peter Griffin, Director                   Tel: +44 (0) 1481 751 000

Noble & Company Limited
Alasdair Robinson                          Tel: +44 (0)131 225 9677

Citigate Dewe Rogerson
Sara Gestetner
Justin Griffiths                          Tel: +44 (0) 20 7638 9571


Notes to Editors:


ESS is a strategic investment company which aims to achieve long term capital
growth for its shareholders through the purchase, holding and sale of minority
stakes in other companies and investment funds.  ESS will invest in companies
which are, or are expected shortly to be, quoted on recognised investment
exchanges and exchange regulated markets in Europe, the US and Canada.  ESS may
also invest in quoted and unquoted investment funds.



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