RNS Number:9324O
fountains PLC
21 August 2003

                         Fountains plc ("The Company")

Pursuant to the exercise of options under the Fountain Forestry 1998 Approved
Share Option Scheme over a total of 40,000 new ordinary shares of 5p each in the
company ("New Ordinary shares"), application has been made to the London Stock
Exchange for admission to trading to the Alternative Investment Market
("Admission").

Admission of the New Ordinary shares is expected to occur on Wednesday 27th
August 2003.


21st August 2003


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

LISUAVSROARWUAR