ASB Asbisc

RNS Number:5951G
ASBISc Enterprises PLC
30 October 2007


                             ASBISC ENTERPRISES PLC

                         PLACING AND ADDITIONAL LISTING

                          OFFER PRICE SET AT PLN 6.50

The offer price of ASBISC Enterprises Plc ("ASBIS" or the "Company"), one of the
leading distributors of IT products in Central and Eastern Europe, the Baltic
States, the former Soviet Union, the Middle East and North Africa has been set
at PLN 6.5 per ordinary share of US$ 0.20 each. The Company has raised PLN 48.75
million through an offer of 7,500,000 ordinary shares of US$ 0.20 each ("New
Shares"). The net proceeds will be used for implementation of the Company's
development strategy.

  * The total number of ordinary shares of ASBIS which has been initially
    allotted under the offer is 7,500,000 and includes only New Shares.

  * The initial allotment of shares of ASBIS has been effected following the
    shift of shares between the Retail Tranche and Institutional Tranche. As a
    result, 492,469 New Shares have been allotted under the Retail Tranche while
    the remaining 7,007,531 New Shares have been initially allotted under the
    Institutional Tranche.

  * The principal use of the proceeds from new shares issued by ASBIS is to
    invest in the further development of the Group's own brands of IT equipment
    - Prestigio and Canyon, enabling the Group to take advantage of early
    payment discounts offered by certain suppliers and expanding the range of
    branded end-user products offered by the Company.

  * The New Shares are expected to be listed on the Warsaw Stock Exchange
    around 30 October 2007 and on AIM by 2 November 2007. The total number of
    ordinary shares in issue and therefore the total number of voting rights
    following the completion of the offer will be 55,500,000.

  * The Company's advisors during the IPO process are: ING (Global Manager of
    the Offer), ING Securities (the Offeror), Dewey & LeBoeuf (legal advisers)
    and Deloitte and Touche (auditor).

"We strongly believe the share price in the offer does not reflect the value and
growth potential of ASBIS. That is why the current shareholders of ASBIS decided
not to sell their shares in today's unfavourable market situation, but only to
raise funds for further development of the Company" - says Siarhei Kostevitch,
Chief Executive Officer of ASBIS. "The new investors of ASBIS will own shares of
an entity whose scope of operations is unique among the companies listed on the
WSE, generating significant revenue growth and enjoying solid profitability. I
am convinced they will be also able to benefit from our further growth" - added
Siarhei Kostevitch.


For additional information please contact:

Magda Koodziejczyk, M+G
Ph: (22) 625 71 40, 0501 16 88 07
e-mail: magda.kolodziejczyk@mplusg.com.pl

Costas Tziamalis, ASBISc Enterprises Plc.
ph : 00357 25 857000
e-mail : costas@asbis.com

David Newton, Seymour Pierce Ltd
Tel : 0044 20 7107 8000


For more information, visit also the company's website at www.asbis.com
ASBIS is one of the leading distributors of IT products in Central and Eastern
Europe, the Baltic States, the former Soviet Union, the Middle East and North
Africa. The Company is incorporated in Cyprus and its shares are already listed
on the AIM market in London.

The ASBIS Group combines broad geographical reach with a wide range of products
distributed on a "one-stop-shop" basis. Additionally, the Company distributes
its private labels, Canyon and Prestigio. As at December 31st 2006, ASBIS
provided its services to over 14 thousand customers in approximately 70
countries.

Group is a strong and reliable partner for leading international suppliers of IT
components, including Intel, AMD, Seagate, Samsung, Microsoft, Hitachi and
Toshiba.

The revenues of ASBIS in the H1 2007 amounted to USD 540m, which represented
26.7% growth in comparison to H1 2006. The company recorded USD 3.2m of net
profit, 27.4% increase in comparison to the same period in 2006.

In 2006 ASBIS' revenues exceeded USD 1.0bn, whilst net profit after taxation was
USD 11.1m.

The major shareholders of the Company are KS Holdings, (53.49%), and financial
investors - MAIZURI Enterprises Ltd. (10%), and Alpha Ventures (6.67%). The
remaining shares are mainly owned by the Company's management and employees.

This document is not intended for potential investors and does not constitute or
form part of any offer to sell or issue, or invitation to purchase or subscribe
for, or any solicitation of any offer to purchase or subscribe for, any
securities of the Company, nor shall it or any part of it or the fact of its
distribution form the basis of, or be relied on in connection with, any contract
or investment decision in relation thereto. This document does not constitute a
recommendation regarding any securities of the Company.

This material is of a promotional nature only. The only legally binding document
containing information on ASBISc Enterprises Plc (the "Company") and on the
public offering of shares in the Company is the Prospectus. The Prospectus is
available on the websites of: Gieda Papierow Wartociowych w Warszawie (
www.gpw.pl), the Issuer (www.asbis.com) and ING Securities S.A. (
www.ingsecurities.pl), hardcopies of the Prospectus are available at Customer
Service Desks of ING Securities S.A., Order Placement Points operated by DM
Polonia Net and BM Nordea Bank, Customer Service Desks of DM BZWBK and Order
Placement Points of Biuro Maklerskie Banku BPH S.A.

These materials are not an offer of securities for sale in the United States.
The securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of
1933, as amended. With respect to persons outside Poland that are residents of
the European Economic Area, this offer is only addressed to persons that are
qualified investors, as defined in Art. 2(1)(e) of Directive 2003/71/EC
(Prospectus Directive).

ASBISc Enterprises plc does not intend to register any offering or conduct any
public offering in the United States and no offering of the securities described
herein will be made by ASBISc Enterprises plc or any other person in the United
States.

The information contained herein may be distributed in the United Kingdom only
to persons in a business which involves the dissemination through publication of
information concerning controlled activities.

This communication is directed only at persons who (i) are outside the United
Kingdom or (ii) are investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"), as amended or (iii) are high net worth entities falling within Article
49(2)(a) to (d) of the Order or (iv) such other persons to whom it may lawfully
be communicated (all such persons together being referred to as ''Relevant
Persons''). This communication must not be acted on or relied on by persons who
are not Relevant Persons. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.

Any statements contained in this announcement which are not historical facts are
forward-looking statements which express the beliefs, opinions and expectations
of the Company and are subject to various risks and uncertainties that could
cause actual results to differ materially from such expectations. The factors
that could affect the Company's future financial results are discussed more
fully in the Company's prospectus in relation to its offer of shares. The
Company assumes no obligation to update information in this announcement.


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

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