RNS Number:2593T
Elite Strategies PLC
15 December 2003


Elite Strategies Plc ("Elite") announces that on 12 December 2003 it raised
#150,000 by the placing of 50,000,000 new ordinary shares at 0.3p per share. The
proceeds of the placing will be used for ongoing working capital.

Application will be made for the 50,000,000 new ordinary shares to be admitted
to AIM and admission and dealings in the new ordinary shares is expected it
commence on 19 December 2003.


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