Press Release

4-June-2004

Dealings in the shares of Vane Holdings Plc commenced on AIM today. The price of the placed shares was 11p.

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If you have any investor or media queries, please do not hesitate to contact the directors or Cathy Malins/Justine Howarth of Parkgreen Communications (the company?s appointed financial Public Relations agent) on +44 (0) 20 7493 3713, e-mail cathy.malins@parkgreenmedia.com or justine.howarth@parkgreenmedia.com.