LONG Longships

RNS Number:6879S
Longships PLC
21 April 2008

                                 Longships Plc

                          Admission to Trading on AIM


The Directors of Longships Plc ("Longships" or "the Company") (AIM: LONG), a
newly incorporated investment company, are pleased to announce that all of the
Company's 23,080,002 Ordinary Shares have today been admitted for trading on
AIM. The Company raised �0.4m prior to the Placing and �3.0m before expenses
under the Placing resulting in total gross cash before expenses of �3.4m. The
Company has appointed Grant Thornton Corporate Finance as its Nominated Adviser
and Simple Investments as its Broker.

Longships has been formed for the purpose of investing in strategic and special
situations and providing the opportunity of acquiring an unquoted company/(ies)
or business(es) seeking a public quotation.





Placing Statistics


Number of existing Ordinary Shares prior to the Placing                               8,080,002
Placing Price                                                                               20p
Number of new Ordinary Shares being issued under the Placing                         15,000,000
Percentage of the enlarged issued share capital held by new Shareholders                 64.99%
following the placing.
Number of Ordinary Shares in issue immediately following completion of the           23,080,002
Placing and Admission
Gross proceeds of the Placing                                                        �3,000,000
Estimated net proceeds of the Placing                                                �2,910,000



Enquiries:

Longships Plc                                                 Tel: 0207 389 5017
Charles Cannon-Brookes, Investment Director

Grant Thornton Corporate Finance (Nominated Adviser)          Tel: 0207 383 5100
Colin Aaronson

Simple Investments (Broker)                                    Tel: 01483 413500
Nick Emerson



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

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