RNS Number:1924R
Glisten PLC
23 October 2003

FOR RELEASE                         7.00AM                     23 OCTOBER 2003

                                  Glisten plc
                                  ("Glisten")
                          ("Glisten" or "the Company")
                    The food group focused on niche sectors


* Acquisition of Sunya completed

* Placing of 423,600 ordinary shares raising approximately #700,000

* Turnover for first 16 weeks 5% ahead of last year

* Christmas demand very encouraging.

* Looking forward to remainder of current year with confidence


Jeremy Hamer, the Chairman, will make the following comments on current trading
at the Annual General Meeting to be held in Blackburn today:


"We were pleased to report earlier this month our first acquisition since
floating on AIM of the Sunya business for a sum of #750,000 rising to #1,080,000
after the inclusion of stock (#220,000) and fees in connection with the
acquisition (#110,000). Sunya manufactures chocolate confectionery, such as
foiled and 'netted' chocolate balls, seasonal products for the retail sector and
gift trade, and chocolate buttons. Clients include many of the UK's major
multiple chains.


Whilst being a significant and immediate 'bolt-on' to the Glisten chocolate
confectionery range, Sunya will in the medium term provide a number of
additional cross selling opportunities as most of its customers and product
capabilities are new to Glisten and in this regard we have already received keen
interest in the Sunya range from Glisten's existing customers.


Following the positive response to our recent preliminary results, the Company
yesterday placed 423,600 new ordinary shares of 121/2 pence each for cash at #1.65
per share, with institutional investors, raising approximately #700,000 which
will be used to increase the Company's cash reserves.


We have had a good start to the current year with turnover for the first 16
weeks within our principal operating subsidiary, Glisten Confectionery, 5% ahead
of the same period last year. Early demand for the important Christmas period,
including the new range of Glisten-brand products is very encouraging.


We expect the second half to be underpinned by a series of new product listings
in existing and new customers as well as the launch of a number of new products
arising from the first half capital expenditure programme. With the further
addition of Sunya, I look forward to the remainder of the current year with
confidence."


For further information:

Glisten plc
Jeremy Hamer (Chairman)                                07977 234 614 (Mobile)
Paul Simmonds (Chief Executive)                        07734 263224  (Mobile)
Rob Davies (Finance Director)                          07734 592616  (Mobile)
                                                                      
Beattie Financial
Brian Coleman-Smith / Amanda Sheehy                             020 7398 3300
                                                                07802 724 400


Background Note:


Glisten plc was formed in October 2001 to build a food group focusing on niche
sectors. The company was admitted to trading on AIM in June 2002 and at that
time made its first acquisition of The Glisten Company Limited, which has since
been renamed Glisten Confectionery Company following hive up into Glisten plc.


Glisten Confectionery, based in Blackburn, is a manufacturer of chocolate and
sugar based confectionery, edible decorations and confectionery ingredients. It
serves a wide variety of customers including many high street retailers and the
foodservice and export sectors.


Product types manufactured include chocolate coated raisins, peanuts and brazils
as well as mint imperials, popcorn, mini-eggs, sugar-coated almonds and an
assortment of ingredients-oriented products which are sold to major food
manufacturers.


A second acquisition, Sunya, was made in October 2003 extending the Company's
product range and client base.






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

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