News > Press Release:Freeplay Begins Trading

2005-03-02
Press Release - 2005-02-15

Freeplay's Shares to Begin Trading on AIM Today
Freeplay Energy plc ("Freeplay", "the Company") announces that the Company's Ordinary Shares have today been admitted to trading on AIM following the Company's successful placing of shares with UK institutional and other investors, announced last week. The Shares were placed at 52 pence per share, raising approximately £3.5 million before expenses. Freeplay is expected to have a market capitalisation of approximately £10.8 million immediately following admission. The Company trades under the ticker symbol 'FRE'.

Established in 1994, Freeplay has developed patented technology that enables exerted human energy to be captured, stored and delivered in an electrical form to power a range of electronic devices. First applications include radios, torches and a mobile phone charger, with over 3.5 million units sold to date.

Freeplay has a new product development plan which anticipates broadening the application of its technology into new product categories in 2005, 2006 and beyond.

Charles Stanley & Co. Limited is the Nominated Adviser and Broker to the Company.

Rory Stear, Chairman and Chief Executive Officer commented:

"We are delighted that Freeplay's shares have now started trading on AIM following the successful completion of our recent Placing. The net proceeds of the Placing will principally be used to market the Group's current product range, develop new products and for the Group's working capital requirements."

-Ends-

For further information, please contact:
Freeplay Energy plc                                                     020 7851 2630
Rory Stear, Chairman and Chief Executive Officer

Weber Shandwick Square Mile                                    020 7067 0700
Susan Ellis, Nick Oborne, Rachel Taylor

Charles Stanley & Co                                                   020 7739 8200
Mark Taylor, Freddy Crossley

-Disclaimer-

This press release, which has been issued by Freeplay Energy plc, has been approved by Charles Stanley & Co. Limited solely for the purposes of section 21 of the Financial Services and Markets Act 2000 of the United Kingdom. Charles Stanley & Co. Limited, which is regulated in the UK by the Financial Services Authority, is representing Freeplay Energy plc and no one else and will not be responsible to anyone other than Freeplay Energy plc for providing the protection afforded to customers of Charles Stanley & Co. Limited or for providing advice in relation to the admission to trading on AIM or any acquisition of securities.

No offer or invitation to acquire shares in Freeplay Energy plc is being made by or in connection with this announcement. Any such offer or invitation will be made solely by means of the prospectus to be published in connection with the proposed admission to trading on AIM of Freeplay Energy plc and any acquisition of shares should be made solely on the basis of the information contained in that document. The value of and the income from shares can go down as well as up. Persons needing advice should consult a professional adviser.

This announcement is not an offer of securities for sale or a solicitation of any offer to purchase securities in the United States of America, Canada, Ireland, South Africa, Japan or Australia. This announcement is not for distribution outside the UK, the Channel Islands and the Isle of Man nor to any US person as defined in Regulation S under the United States of America Securities Act of 1933. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities law of any such jurisdictions.

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