Convertible Loan Note

RNS Number:9100U
Emerging UK Investments Plc
30 November 2005


30 November 2005

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

        Making of further Convertible Loan and Related Party Transaction

EUKI is pleased to announce that it has today agreed to make a further
convertible loan of #30,000 into Bfresh Limited (bfresh.co.uk) ("Bfresh").

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 234 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.

Further Investment/Loan

The loan is for the purposes of working capital in order that a previous
agreement may be fulfilled more quickly; the original plan had been to install
machines later in 2006 but this has now been brought forward.

The further #30,000 investment made by EUKI is by way of a Loan Note, repayable
within 4 months. The loan is convertible after four months at a valuation of
#1m. After 4 months, a flat interest fee of #5k will be charged and also 1% of
the enlarged equity of Bfresh will be allotted to EUKI as an arrangement fee.
Should EUKI convert the Loan Note, then there is an option to subscribe for 3%
of the issued share capital of Bfresh. EUKI and Leisure Ventures have each been
awarded a debenture over the assets of Bfresh, to run concurrently with the Loan
Note.

This is a follow on investment to a previous investment in Bfresh which was
announced on 28 July 2005.

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 EUKI. Accordingly, the convertible loan is a Related
Party Transaction under the AIM Rules. Renwick Haddow, a director of EUKI, is
investing #50,000 under the same terms. Leisure Ventures PLC is, under the same
terms, investing #30,000; Renwick Haddow is a Director of Leisure Ventures Plc
and EUKI and so this is a Related Party Transaction under the AIM Rules with
regard to Mr Haddow. The independent Directors of the Company - Andrew Moore and
Richard Henstock, having consulted with the Company's Nominated Adviser, believe
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






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