Re Gordian Investments

Blue Star Capital plc 05 August 2005 For Immediate Release 5 August 2005 BLUE STAR CAPITAL PLC ('Blue Star') Statement re Gordian Investments PLC ('Gordian') Blue Star (AIM: BLU), the company created to provide seed capital for early stage companies, is pleased to note today's announcement from Gordian Investments PLC (AIM:GOR), Blue Star's fourth investment, which floated on AIM in March 2005. Blue Star's interest in Gordian is 24.43%, representing 7,500,000 shares. Gordian has conditionally agreed to acquire the entire issued share capital of All New Video Limited ('ANV'), a managed services company offering live multi-party 3G video conferencing, PC to video calling and video mail. In view of the size of ANV relative to Gordian, the acquisition will constitute a reverse takeover under the AIM rules. ENDS For further information: Blue Star Capital plc Tel: 020 7070 7283 Haresh Kanabar Chief Executive Panmure Gordon & Co Tel: 020 7459 3600 Katherine Roe Buchanan Communications Tel: 020 7466 5000 Elly Williamson Notes for editors About Blue Star Capital plc Blue Star Capital plc was formed in 2004 as a vehicle to provide initial seed capital for the development of early stage companies. The Company joined the AIM market of the London Stock Exchange, under the ticker symbol BLU, in October 2004 and has since made significant investments in four newly formed companies: India Outsourcing Services plc, Black Raven Properties plc, Gordian plc and Gasol plc. All of these companies have been admitted to the AIM market and highlight the Company's strategy of making investments across a variety of sectors. Blue Star also announced that it had taken a minor stake in MedCenter Holdings Inc. in June 2005. Blue Star has a highly capable Board, led by Executive Chairman Nigel Robertson, with significant experience of identifying, evaluating and securing business opportunities and of forming, funding and floating companies. Blue Star intends to achieve capital appreciation from a portfolio of quoted and unquoted investments in businesses that offer strong growth prospects and a defined timeframe to exit. This information is provided by RNS The company news service from the London Stock Exchange SEFE