VRT Vert-Eco

RNS Number:5489G
Vert-Eco Group PLC
17 December 2004


17 December 2004


                               Vert-eco Group plc
                         ("Vert-eco" or the "Company")

            Placing of new shares in connection with the acquisition
                of HydroDec Development Corporation Pty Limited


Further to the announcement dated 25 November regarding Vert-eco's proposed
acquisition of HydroDec Development Corporation Pty Limited, Vert-eco announces
that it has conditionally placed 9,000,000 shares at 11.5p to raise #1,035,000
for additional working capital purposes in connection with the proposed
acquisition. There was no minimum subscription level under the Placing.


The Placing is conditional upon, inter alia, all resolutions being passed at the
EGM to be held on 20 December and admission of the new shares to AIM which is
expected to take place on 21 December.


For further details please contact:


John Gunn, Chairman         Martin Forrest / Nick Fox      Richard Swindells / 
Vert-eco Group plc          M: Communications Limited      Katherine Roe
Tel:  020 7236 6236         Tel:  020 7153 1530            Durlacher Limited
                                                           Tel: 020 7459 3600





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