8 August 2003

                                  Vantis plc                                   

                          ("Vantis" or the "Company")                          

          Placing of 2,863,335 ordinary shares at 90p (the "Placing")          

Vantis, the accountancy and professional services advisory group, is pleased to
announce that the Company has raised approximately �2.58 million through a
placing of 2,863,335 new ordinary shares (the "New Ordinary Shares") at a price
of 90p per share. 

At the same time Charles Stanley will place an additional 470,000 ordinary
shares, also at 90p per share, on behalf of certain existing shareholders (the
"Vendors").

The New Ordinary Shares represent approximately 7.9% of the enlarged issued
share capital of the Company.

The proceeds of the placing will be used to augment the Company's existing
working capital facilities and for the continuing development of the Group's
business.

The New Ordinary Shares will rank pari passu with the existing ordinary shares
of the Company but will not qualify for the final dividend of 2.065 pence per
share as announced on 14 July 2003, which was marked ex dividend on 6 August
2003 and will be paid to shareholders on 1 September 2003.  Application will be
made for the New Ordinary Shares to be admitted to trading on the Alternative
Investment Market ("AIM") and dealings are expected to commence on 11 August
2003.

The shares being placed by the Vendors are those that form part of the
consideration paid for the assets of Vantis Walkers at the time of the
Company's admission to AIM.  The Walkers business formed one of the four
accountancy practices which amalgamated to create Vantis plc on listing on AIM
in May 2002.

For further information:

Vantis plc                                                          
Paul Jackson
Paul Ashton                                                    020 7417 0417

Charles Stanley & Company Limited                                
Russell Cook                                                   020 7953 2000

Buchanan Communications
Suzanne Brocks                                                 020 7466 5000



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