EUI Emerging Uk

RNS Number:4495P
Emerging UK Investments Plc
28 July 2005


FOR IMMEDIATE RELEASE

28 July 2005

EMERGING UK INVESTMENTS PLC ("the Company" or "EUKI")

Making of Convertible Loan and Related Party Transaction

EUKI is pleased to announce that it has today agreed to make a convertible loan
of #70,000 into Bfresh Limited (bfresh.co.uk). Bfresh is a vending machine
operator that owns and operates machines sited in gyms, express hotels and
universities. It vends miniature toiletries consisting of a range of leading
products including FCUK, Boots and John Frieda. Bfresh currently has 100
machines sited and has recently signed a five year agreement with Fitness First
to install further machines across their estate. Bfresh's business model differs
to many other vending machine operators in that it earns its income solely on
the sale of products as opposed to charging clubs a fixed rental. This makes it
attractive for clubs to install Bfresh's machines.

This loan will be used for working capital purposes and should allow the company
to have around 1,000 machines operating by the end of the year. The terms of the
deal are that EUKI will receive an arrangement fee of 2% of the enlarged share
capital of Bfresh plus interest of 10% per annum payable quarterly. The loan is
convertible at a valuation of #1m.

This deal provides EUKI with income. It also provides it with the opportunity to
benefit from any possible uplift in the company upon exit. Bfresh is an
attractive business in that it is cash generative and has already established a
proven business model. The Directors of the Company also envisage that Bfresh
would be an attractive acquisition for a larger service-orientated company.

Disclosure under the AIM Rules in relation to the Related Party Transaction

Lauren George, the founder, director and 95 % shareholder in Bfresh is also a
11.29 % shareholder in the EUKI. Accordingly, the convertible loan is a Related
Party Transaction under the AIM Rules. The Directors of the Company consider,
having consulted with the Company's Nominated Adviser, that the terms of the
transaction are fair and reasonable insofar as the shareholders of the Company
are concerned.

Enquiries:

Renwick Haddow                   Tel: 07966 130 182

Roland Cornish/Noelle Greenaway  Tel: 0207 628 3396
Beaumont Cornish Limited



                      This information is provided by RNS
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