Placing and Trading Update

    24 May 2007

                                 ADWALKER PLC                                  

                         ("Adwalker" or the "Company")                         

                            Placing raises �510,000                            

                                Trading update                                 

                                      and                                      

                               Change of Adviser                               

The Board of Adwalker, the AIM listed specialist in wearable media solutions,
is pleased to provide shareholders with an update which covers the following
key points:

  * Placing raises �510,000, before expenses;
   
  * Board encouraged by current trading levels;
   
  * Several US contract wins, including one with a large US retailer;
   
  * Ongoing discussions to conduct a pilot on behalf of a major corporation;
   
  * Final 2006/7 Results expected to be announced in August 2007; and
   
  * John East & Partners Limited appointed as the Company's Broker.
   
Placing

The Board announces today that it has conditionally raised �510,000, before
expenses, from a Placing by John East & Partners Limited ("John East &
Partners") of 17,000,000 ordinary shares in the capital of the Company
("Ordinary Shares") at 3p per share (the "Placing Shares") with institutional
investors.

The net proceeds of the Placing, amounting to �475,000, will provide additional
working capital to support the expected growth of the Company, settle overdue
trade creditors and provide working capital generally.

Following the issue of the Placing Shares, the Company will have 185,633,087
Ordinary Shares in issue. Application will be made for the Placing Shares to be
admitted to trading on AIM. Dealings in these shares are expected to commence
on 30 May 2007.

 

Current Trading

The Board is encouraged by the current levels of trading. In particular, the US
office has performed well with several contract wins, including one with a
large US retailer, in the first three months of this financial year.

As announced on 14 May 2007, the Company is in discussions to conduct a pilot
of an interactive fixed screen digital network on behalf of a major
corporation, with the intention of rolling out a network of interactive screens
across Europe conditional on whether the pilot is successful. These discussions
continue, and a further announcement is expected to be made in due course.

In January 2007, the Company made its US network television debut on season six
of NBC's "The Apprentice". The programme's adoption of Adwalker is further
testament to the capabilities of the Adwalker platform and the brand.

The Company expects to announce its results for the year ended 28 February 2007
in August 2007.

Change of Adviser

The Company also announces the appointment of John East & Partners as the
Company's Broker with immediate effect.

Commenting on today's update, Simon Crisp, CEO, said: "The result of this
placing will provide the Company with the necessary resources and working
capital to optimise the opportunities we have created and accelerate future
growth.

The Board is encouraged at the current level of trading - especially in the
U.S. where the Adwalker platform made its US network television debut on season
six of NBC's `The Apprentice'. We look forward to updating shareholders on
further developments in due course."

Enquiries:

Adwalker plc                            Tel: +353 (1) 866 9000               
                                                                             
Simon Crisp                                                                  
                                                                             
simon@adwalker.com                                                           
                                                                             
John East & Partners Limited            Tel: 020 7628 2200                   
                                                                             
Simon Clements/David Worlidge                                                
                                                                             
Bishopsgate Communications Ltd.         Tel: 020 7562 3350                   
                                                                             
Dominic Barretto                                                             
                                                                             
Sophie Davis                                                                 
                                                                             
sophie@bishopsgatecommunications.com                                         

Notes to Editors:

About Adwalker

The Adwalker mobile out-of-home, interactive media platform is an advertising
and media platform which is worn by its operators (`Adwalkers') as a compact
body pack incorporating an LCD screen, wearable computer, touch screen and
printer, enabling services and applications which include brand advertising,
point-of-sale, data capture and promotions.

Some of Adwalker's blue chip clients to date include Bank Of America, AT&T,BT,
Virgin Music, Volvo, Lufthansa, Motorola, Diageo, Daimler Chrysler, Microsoft,
Paramount Pictures, UIP/Universal Pictures, GSK, Ask.com, 3 Mobile, American
Express, Coors, Unilever, Comcast, O2, Ford, Guinness, Telemundo, British
Airways, Charles Schwab, Jameson's and Sears.

Adwalker's shares were admitted to trading on the AIM market of the London
Stock Exchange in August 2005. (Ticker: AWR) Its headquarters are in Dublin,
with offices in New York and London.





END
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