RNS Number:4621L
ServicePower Technologies PLC
22 May 2003


                         ServicePower Technologies PLC
                       ("ServicePower" or the "Company")

                               Listing of Shares


ServicePower, the established market leader in artificial intelligence based
field service scheduling applications is pleased to announce it has today
conditionally raised #804,365 by way of a subscription by institutional
investors for 5,107,850 Ordinary shares of 10p each ("Ordinary Shares and "the
Subscription") fully paid, ranking pari passu with the existing Ordinary shares
at a price of 15.75p per Ordinary Share representing a discount of approximately
10% to the current mid market price.

The Subscription is conditional on the admission of the 5,107,085 Ordinary
Shares to the Official List of the UK Listing Authority and to trading on the
London Stock Exchange's main market for listed securities. Application has been
made for the 5,107,085 Ordinary Shares to be so admitted and it is expected that
admission will become effective on 29 May 2003.

The proceeds will be used for the purpose of strengthening working capital.

22nd May 2003

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Contacts:

Barry Welck, Chairman                                Tel: 07831 396539
David Brisco, Chief Executive                        Tel: 0161 476 2277

Tom Price, Beeson Gregory Limited                    Tel: 0207 488 4040



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

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