RNS Number:1571R
Glisten PLC
22 October 2003



Glisten PLC



22 October 2003



Glisten PLC (the "Company") - Placing of new ordinary shares to raise #700,000
(the"Placing")



The Board is pleased to announce that Charles Stanley & Co Limited has placed
423,600 new ordinary shares of 12.5 pence each with institutional investors to
raise #700,000.



The shares were placed at a price of 165 pence per share.  The Placing
represents 5 per cent. of the existing issued share capital of the Company.



The proceeds of the placing will be used to augment the Company's existing
working capital facilities, following the acquisition of Sunya, and to assist
with future acquisitions as and when they become available.



Application will be made for the new ordinary shares to be admitted to trading
on the Alternative Investment Market and dealings are expected to commence on 24
October 2003.



For Further Information:


Glisten plc                           07734 263 224
Paul Simmonds, Chief Executive



Charles Stanley & Co. Limited         0207 953 2000
Philip Davies




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