Copyright 2006

[ April 24th 2006 ]

SCi has announced a placing of 3,471,920 new ordinary shares of 5 pence each (the 'Placing Shares') for cash with institutional investors at a price of 500 pence per share (the 'Placing'). The Placing Shares represent 5 per cent. Of the current issued share capital of the Company.

The proceeds of the Placing, amounting to 17.4 million before expenses, will be used for product opportunities in the casual games market, which the Company expects to grow strongly in the next two years, strategic acquisition opportunities to accelerate the Company's growth in the casual games market.

SCi Entertainment also wants to expand development of the Company's offering in the On-Line Gaming, Mobile and Massively Multiplayer Online ('MMO') sectors; and investment to further build and accelerate the Group's next generation development resources.

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