Placing

RNS Number:2917I
QuikTrak Networks PLC
07 February 2005



                             QuikTrak Networks plc

                      Placing and Director's shareholding



The Directors of QuikTrak Networks plc (AIM: QTR) announce that the Company has
successfully completed a private placing to raise #622,000 (before costs of the
placing).  The Company placed 41,466,663 ordinary shares at 1.5p per share and
application will now be sought for these shares to be admitted to trading on
AIM.  Attached to each share placed is one free unlisted warrant, which enables
the holder to subscribe for one further ordinary share at 2p per share at any
time up to (and including) 9 August 2006.


Pursuant to the placing, the following Directors have subscribed for new
ordinary shares in the Company on the same terms as other placees and, following
the subscription, are interested in ordinary shares in the Company as set out in
the table below.


Director                                       Number of ordinary         Interest in       Percentage of
                                                shares subscribed     ordinary shares     issued ordinary
                                                   in the Placing       following the       share capital
                                                                              Placing      (following the
                                                                                                 Placing)

Chris Kyriakou                                          8,000,000          27,291,056               17.3%

(including interest held through Investika
Ltd)

Brian Parritt                                             133,333             816,158                0.5%



 Enquiries
 Annie Richards                    QuikTrak Networks plc              Tel:  0870 010 6044
 Hugh Oram                         Nabarro Wells & Co Ltd             Tel:  020 7710 7400






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

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