OVD Ovidia

RNS Number:3889T
Ovidia Investments PLC
30 April 2008



For immediate release                                         30 April 2008

               Ovidia Investments PLC ("Ovidia" or "the Company")

                                Issue of Equity


The Company has placed 10,266,666 new ordinary shares in Ovidia of 0.1p each 
(the "Shares") at 0.75p per Share to raise #77,000.

In addition, the Company has issued 5,333,333 Shares in satisfaction of a debt
owned to Aspartus PLC.

Nigel Weller, a Director of Ovidia, is also a director of Aspartus PLC and
accordingly the issue of shares to Aspartus PLC is a "related party" transaction
under the AIM Rules. The independent Director of Ovidia, Beata Xenophontes,
having consulted with the Nominated Adviser, considers the terms of this
transaction are fair and reasonable insofar as its shareholders are concerned.

Application will be made for the new ordinary shares, which will rank, pari
passu, with all existing ordinary shares to be admitted to trading on AIM.


Enquiries:

Nigel Weller                          07769 906 906
Ovidia Investments PLC

Roland Cornish                        0207 628 3396
Beaumont Cornish Limited


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

END
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