RNS Number : 1460U

Share PLC

11 May 2008

Share plc

12 May 2008

SHARE PLC ANNOUNCES OFFER FOR SUBSCRIPTION IS

NEARLY FOUR TIMES OVER-SUBSCRIBED * Share plc Offer for Subscription 3.82 times over-subscribed * Allocation details announced: all applicants to receive 1,352 shares

* Significant demonstration of support from customers

* Total funds raised from the Offer (before expenses) is £1,080,000

Share plc, parent company of The Share Centre, one of the UK's leading independent stockbrokers, today announces that its Offer for Subscription ("the Offer") has been over-subscribed by nearly four times ahead of its planned flotation on AIM on 15 May 2008.

All 2,891 applicants (except market-makers) will receive an equal number of shares: an allocation of 1,352 shares, valued at £365 at the Offer price. This means that the 36% of applicants who applied for the £500 minimum will be allocated 73% of the value of their application.

The funds raised from the Offer (before expenses) total £1,080,000. This will more than cover the costs of the AIM flotation and following settlement of those costs will add to the Group's already strong cash position and balance sheet. The Group is well positioned to take advantage of any acquisition opportunities as they arise and in the current difficult market conditions the Group continues to perform well relative to its peer group*. Chairman, Sir Martin Jacomb, said: "Given the relatively short Offer period and the backdrop of volatile financial markets, the success of the Offer is particularly notable. The response is a vote of confidence in the Group and demonstrates the quality of service, strength of relationship and loyalty of our customer base. I would like to take this opportunity, on behalf of the Board, to thank our customers for their ongoing support."

Chief Executive, Gavin Oldham, said: "The basis for the Group's success is the relationships it has with its customers. The success of the Offer amongst personal investors and the increased customer participation in the future performance of the business are great indicators of the value customers perceive in the services offered by the Group.

The successful share issue also demonstrates that personal investor interest in new issues is very much alive for the right proposition. The Group hopes that those arranging such issues for companies entering AIM or the main market will take note, and will seek to make a reasonable proportion of stock available for public offers to personal investors in addition to institutional and placing arrangements."

The Group expects to be admitted to AIM with trading in the Group's shares starting at 8.00am on Thursday 15 May. The shares will also be traded on Sharemark and PLUS. Share plc's main trading subsidiary, The Share Centre, provides services for personal investors. In keeping with the desire to broaden the Group's share ownership and strengthen the bonds between the Group and its customers, the Offer was not intended for institutional investors as is typical in such Offers for Subscription, but instead was intended to appeal to the personal investor, and particularly account customers of The Share Centre.

Share plc's AIM Admission Document is available on The Share Centre's website at www.shareplc.com/aim. * Note: See the Press Release issued on 24 April "Benchmarked Revenue Data - Q1 2008" for more details.

For further information please contact:

Share plc

Gavin Oldham, Chief Executive 01296 439 100 / 07767 337 696

Richard Stone, Finance Director 01296 439 270

Lansons Communications

Charlie Field 020 7294 3616

KBC Peel Hunt Ltd (Nominated Adviser)

Guy Wiehahn 020 7418 8900

Oliver Stratton 020 7418 8900

Notes for Editors:

Share plc is the holding company for The Share Centre Limited, Sharemark Limited and Sharefunds Limited.

The Share Centre is the principal operating subsidiary of the Share plc Group and was established in 1990 to provide value-for-money share services for private investors. Its range of services includes buying and selling shares (by internet, telephone and post) and a comprehensive share administration and safe custody service. Tax-efficient investment 'wrappers' including ISAs, CTFs and SIPPs are also available.

The Share Centre's Advice Team provides comment on market sectors and individual shares, including all of the post-privatisation /demutualisation companies, on www.share.com. Access is available to customers and registered users of the site. Registration is free. In addition, Account Customers can receive individual telephone advice on UK-listed shares and on funds traded via the Cofunds trading platform.

Important Notes:

This press release constitutes a financial promotion under the Financial Services and Markets Act 2000 and had been approved for the purposes of section 21 of that Act by The Share Centre, which is authorised and regulated by the Financial Services Authority. The Share Centre is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority under reference 146768. Registered in England No. 2461949. Registered office: Oxford House, Oxford Road, Aylesbury, Bucks HP21 8SZ.

Further information on Share plc, including a summary of the Offer for Subscription, the terms and conditions of the Offer, certain risk factors which the Company could be exposed to and defined terms, is contained in the AIM Admission Document. Copies of the Admission Document are available on request, free of charge from The Share Centre's offices, or by calling The Share Centre's Customer Service Team on 0800 800 008 or are available online at www.share.com.

AIM and Sharemark are markets designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. AIM and Sharemark securities are not admitted to the official list of the United Kingdom Listing Authority. A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest after careful consideration and, if appropriate, consultation with an independent financial adviser.

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