RNS Number:0851S
Earthport PLC
14 November 2003



FOR IMMEDIATE RELEASE                                          14 November 2003


                    earthport plc ("earthport" or the "Company")

                           ISSUE OF SHARES AND WARRANTS


The Board of earthport announces that it has agreed a variation to the terms of
the planned investment by investors  including funds advised by Park Place
Capital ("Park Place Investors") in the Company.

This new agreement replaces all of the terms and conditions relating to the
investment which was to be made by the Park  Place Investors, as announced on 9
September 2003.

The Park Place Investors have subscribed #200,000 for 8,000,000 ordinary shares
at 2.5p each ("New Ordinary Shares")  and, in addition, have been issued with
warrants to invest a further #300,000 up to 30 June 2004 and a further #100,000
up to 31 December 2004 on the same terms ("the Warrants").

Subject to the exercise of the Warrants, which does not require the consent of
the earthport Board, the Park Place  Investors have given undertakings not to
increase their shareholdings in the Company without the consent of the earthport
Board.

Further to the announcements of 31 July, 9 and 29 September the Company has
completed arrangements to issue a total of  142,588,560 new ordinary shares of
2.5p each at a price of 2.5p per share by way of a placing for cash. This
funding, together with the previous amounts announced brings the total raised
during the period of July to October 2003 to #3,564,714 (before expenses).

The New Ordinary Shares will represent approximately 2.04% of the enlarged 
issued share capital of earthport.

The proceeds of the issue will be used to provide additional working capital for 
the development of the Group.

The New Ordinary Shares rank pari passu in all respects with the existing
ordinary shares in issue. Application has  been made for the New Ordinary Shares
to be admitted to trading on the Alternative Investment Market of the London
Stock Exchange and dealings are expected to commence on 19 November 2003.

Note: Following the issue of the New Ordinary Shares, there will be a total of
394,667,109 ordinary shares in issue as  at 19 November 2003.


For further information, please contact:

earthport plc
Andy Ripley Chairman
Rob Cunningham                                      Tel: +44 (0)20 7907 1100
info@earthport.com                                  www.earthport.com

Media enquiries:
Bankside Consultants
Ariane Vacher / Julian Bosdet                       Tel: +44 (0) 20 7444 4140
Ariane.vacher@bankside.com                          www.bankside.com




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

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