EUI Emerging Uk

RNS Number:7978F
Emerging UK Investments Plc
06 July 2006


6 July 2006


Emerging UK Investments plc

Update on progress with the investment portfolio


The board is pleased to announce that one of its portfolio companies, Bfresh
Limited has been acquired by Consolidated Vending plc.

Bfresh is a niche vending machine operator which operates over 500 machines
dispensing miniature toiletries in health clubs and budget hotels. The company
benefits from a number of blue chip customers such as Fitness First and David
Lloyd.

Consolidated Vending plc was formed earlier this year to make acquisitions in
the vending machine market. In addition to the acquisition of Bfresh,
Consolidated Vending also acquired Snap Digital Imaging Limited, the second
largest photo-booth operator in Europe, behind Photo-Me International plc.
Consolidated Vending plc is looking to move to AIM in due course where it will
continue to look to grow by acquisition.

Emerging UK Investments plc invested a total of #100,000 in B Fresh by way of
loan notes, #70,000 on 26th July 2005 and #30,000 on 28th November 2005. The
loan notes will be converted to ordinary shares in Consolidated Vending at a
36.6% premium to the original investment level plus a one off payment of #5,000
payable upon conversion. In addition, Emerging UK Investments plc was allotted,
at the time of the investments, 2 ordinary shares as commission which
represented approximately 2% of the Bfresh share capital. This represented a
total return of 71.6%.

The board is very happy with this return on investment in only 11 months and
will look to dispose of this interest once the shares in Consolidated Vending
plc have been listed on AIM.


Contacts:

Emerging UK Investments plc- Renwick Haddow 0207 623 3345
Beaumont Cornish- Roland Cornish 0207 628 3396


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

END
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