ORT Ortus Vct

RNS Number:8586D
Orientrose 2 PLC
07 October 2004



For immediate release                                             7 October 2004

                                Orientrose 2 plc
                       ("Orientrose 2" or the "Company")
                Result of Extraordinary General Meeting ("EGM")
                                 Change of name
                                 Board changes


The Board of Orientrose 2 is pleased to announce that all the resolutions put to
the EGM earlier today, inter alia, to increase the authorised share capital of
the Company, authorise the Directors to issue new ordinary shares of 1p each in
the Company ("Ordinary Shares") for cash, disapply pre-emption rights and to
change the name of the Company to "Techcreation plc" were duly passed. The name
change will take effect from Monday 11 October 2004.

In addition, the Board of Orientrose is pleased to announce the appointment of
Peter Ross Lloyd Cooper as a Non-Executive Director with immediate effect, and
Michael Raymond Nash, a Non-Executive Director, is appointed as Chairman with
immediate effect.

Stephen Dean has today resigned as Chairman and Non-Executive Director, and the
Board should like to thank him for his contribution to the development of the
Company.

Mr Cooper, 57, is a partner of the law firm, Kennedys.

The following information is given in accordance with the AIM Rules:

Mr Cooper, during the past five years, has been or continues to be a director or
partner of the following companies or entities:

Present:                                                                Past:
Kennedys                                                                None
Cardiff City Football (Holdings) Limited
Lloyd Cooper Trustees Limited
British Taxpayers Association Limited
British Taxpayers Association Trustees Limited
Indonor Consultants Limited
Moor Park Gardens (Management) Limited
Merwest Limited
Emerging Capital Markets Group Limited
Trans Polymers (Holdings) Limited
Trans Polymers (Developments) Limited
Dendal Management Limited
Wimbledon Football Club (Holdings) Limited (The)
Wimbledon Football Club Limited (The)
Euro Capital Projects plc

Mr Cooper was a director of Wimbledon Football Club Limited (The) ("Wimbledon")
at the time when it went into administration in July 2003 following the
relegation of the football club from the Premier League. Mr Cooper continues to
be a director of Wimbledon which remains in administration.
There is no further information to be disclosed in accordance with the AIM
Rules.

Mr Nash and Mr Cooper are each being issued 1,380,000 Warrants exerciseable at
5p per share. A further 210,000 Warrants exerciseable at 5p per share were also
issued.

The following will be exercising their Warrants, and on exercise the Company
will receive the following amounts:

                                   Number of new Ordinary           #
                                   Shares

Guardian Investments Limited       1,142,500                        43,300
Global Investments Limited         2,845,500                        99,115
Griffin Group plc                    280,000                        10,621.25
Vincent Nicholls                   1,422,750                        53,921.25.

Application will be made to AIM for the new Ordinary Shares to be admitted to
trading.

Contact:

Vincent Nicholls, Orientrose 2: 07767 420160

Roland Cornish, Beaumont Cornish Limited: 0207 628 3396



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

END
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