LDC London Asia

RNS Number:8203F
London Asia Capital PLC
30 November 2004

                            London Asia Capital PLC
                        ("London Asia" or "the Company")

                            Shareholding in Company

The Company has been notified of a number of conversions, detailed below, of
Convertible Loan Notes into ordinary shares of the company.

Simon Littlewood, Chief Executive, said: "The conversion of the Loan Notes
strengthens our balance sheet by increasing the Company's net assets by over
#440,000 and saving the Company over #44,000 a year in interest payments, as
well as simplifying our shareholding structure."

   * #51,334 by Temima Ltd, of which Simon Littlewood is a director, into
     1,026,680 ordinary shares. Following the conversion, Temima Ltd holds
     1,201,680 ordinary shares, equal to 0.94% of the enlarged share capital;
   * #50,000 by Temima Investments Ltd, of which Simon Littlewood and Victor
     Ng are directors, into 1,000,000 ordinary shares. Following the conversion,
     Temima Investments Ltd holds 4,711,398 ordinary shares, equal to 3.70% of
     the enlarged share capital;
   * #78,083 by Barry Gold into 1,561,660 ordinary shares. Following the
     conversion, he holds 1,801,660 ordinary shares, equal to 1.42% of the
     enlarged share capital;
   * #29,833 by Gerry Desler into 586,660 ordinary shares. Following the
     conversion, he holds 586,660 ordinary shares, equal to 0.46% of the enlarged
     share capital;
   * #15,834 by Photo Distribution Ltd, of which George Allnutt is a
     director, into 316,680 ordinary shares. Following the conversion, Photo
     Distribution Ltd holds 3,316,680 ordinary shares, equal to 2.61% of the
     enlarged share capital;
   * #35,000 by Cougar Couriers Ltd, of which George Allnutt is a director,
     into 700,000 ordinary shares. Following the conversion, Cougar Couriers Ltd
     holds 1,801,660 ordinary shares, equal to 0.55% of the enlarged share
     capital;
   * #25,000 by Penhale Estate Ltd, of which George Allnutt is a director,
     into 500,000 ordinary shares. Following the conversion, Penhale Estate Ltd
     holds 1,801,660 ordinary shares, equal to 0.39% of the enlarged share
     capital;
   * #14,446 by George Allnutt into 288,920 ordinary shares. Following the
     conversion, he holds 758,920 ordinary shares, equal to 0.60% of the enlarged
     share capital;
   * #23,304 by Jack Wigglesworth into 466,080 ordinary shares. Following the
     conversion, he holds 466,080 ordinary shares, equal to 0.37% of the enlarged
     share capital;
   * #50,000 by Scarborough Development Group plc, of which Cesidio Di Ciacca
     is a director, into 1,000,000 ordinary shares. Following the conversion,
     Scarborough Development Group plc holds 1,000,000 ordinary shares, equal to
     0.79% of the enlarged share capital;
   * #51,333 by Esplanade Investors Ltd, of which Cesidio Di Ciacca is a
     director, into 1,026,660 ordinary shares. Following the conversion,
     Scarborough Development Group plc holds 1,000,000 ordinary shares, equal to
     0.81% of the enlarged share capital;
   * #20,000 by Information Based Resources Inc into 400,000 ordinary shares.

Application has been made to admit the new ordinary shares to be issued pursuant
to the conversions to trading on AIM and admission is expected on 6 December
2004. The total number of issued ordinary shares in the Company admitted to AIM
following the placing will be 127.3 million. Following the above conversions,
there are #56,333 of Convertible Loan Notes remaining outstanding.

ENQUIRIES:
Paul McManus, Binns & Co Tel 020 7153 1485
Mob: 07980 541 893

Simon Littlewood, CEO Tel 020 7248 7578

Jonathan Wright, Seymour Pierce Tel 020 7107 8000



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

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