11/09/12

Tender Offer for E Shares of Eurovestech plc ("Eurovestech") by Cenkos Securities plc ("Cenkos")

This announcement should not be transmitted, distributed or released in or onto any jurisdiction in which such an act would constitute a violation of the relevant laws of such jurisdiction.

11 September 2012

Tender Offer for E Shares of Eurovestech plc ("Eurovestech")
by Cenkos Securities plc ("Cenkos")

Introduction

Cenkos acts as broker to Eurovestech.

On 17 August 2012 Eurovestech announced that following completion of the sale of a 40 per cent. interest in its wholly-owned portfolio company, Knowledge Support Systems Limited, it proposed to return approximately £4.4 million to Shareholders by way of the Return of Cash. A circular setting out further details of the Return of Cash and incorporating a notice convening a General Meeting (the "Circular") was posted to Shareholders that day. The Resolution to approve the Return of Cash was duly passed by Shareholders on 6 September 2012 and E Shares were issued to Shareholders on 7 September 2012.

Unless otherwise defined herein, terms defined in the Circular shall have the same meaning in this announcement.

E Share Tender Offer

Cenkos, acting as principal, hereby makes the E Share Tender Offer to purchase 291,087,897 E Shares in respect of which valid acceptances of the E Share Tender Offer have been received and not withdrawn from Shareholders on the terms set out in the Circular.

Shareholders who have not validly returned a Form of Acceptance or validly submitted a TTE Instruction in respect of the E Share Tender Offer will receive the E Share Dividend of 1.32 pence per E Share in respect of all of their E Shares. The E Share Dividend is expected to be declared on 14 September 2012.

Shareholders who have validly accepted the E Share Tender Offer are expected to receive payment of 1.32 pence per E Share, free of all dealing expenses and commissions, on or about 21 September 2012.

Eurovestech plc
Richard Bernstein - Chief Executive Tel: 020 7478 9070

Merchant Securities Limited (Nomad)
David Worlidge / Virginia Bull

Cenkos Securities plc (Broker)
Tel: 020 7628 2200
Camilla Hume Tel: 020 7398 8900

distributed by