Placing and admission to AIM

Mavinwood PLC 05 November 2004 Mavinwood plc ('Mavinwood' or 'the Company') Placing and Admission to AIM Mavinwood plc has today been admitted to trading on AIM. The Company raised £2.1 million (before expenses) by way of a placing at 10p per share. Mavinwood is at present a cash-shell that intends to make acquisitions of companies in the support services sector. Kevin Mahoney (CEO) and Mike Vincent (FD), were members of the team that tried to acquire and float Dyno-Rod earlier this year. Kevin Mahoney commented: 'It struck us, at the time of the Dyno transaction, that there were a considerable number of support service companies, which could be acquired, and where we could subsequently add value by improving and professionalising their infrastructure. It is with this in mind that we have established Mavinwood.' Contact: Kevin Mahoney - 07764 654 666 This information is provided by RNS The company news service from the London Stock Exchange