RNS Number:0478W
Playgolf (Holdings) PLC
03 May 2007


                            Playgolf (Holdings) plc


                         ("Playgolf" or "the Company")


                                Issue of Equity



The Company is pleased to announce that it has placed a further 1,720,445 shares
of 0.2p each ("Ordinary Shares") at 9p. The proceeds of the Placing will be
utilised for the continuing development of Playgolf sites. These Ordinary
Shares, which will rank pari passu with the existing ordinary shares, are
expected to be admitted to trading on AIM on 10 May 2007. The Placing is
conditional on admission.


Following the issuance of the shares, the total number of ordinary 0.2p shares
in issue will be 67,821,741



Further enquiries:


David Piggins/Mike Mealey
Playgolf (Holdings) plc                                Tel: 01926 422 320



Paul Shackleton/Tom Jenkins
Daniel Stewart & Company plc                           Tel: 020 7776 6550






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

END
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