19 April 2001



Enquiries:



Adrian Biles, Chief Executive, Culver Holdings plc           Tel: 020 7456 1300
Chris Yates, Credit Lyonnais Securities                      Tel: 020 7588 4000
John Bick, Holborn Public Relations                          Tel: 020 7929 5599





                             Culver Holdings PLC



     Issue of convertible loan stock and ordinary shares pursuant to the
           acquisition of Wire2 Limited and Hothouse Media Limited



The Board of Culver Holdings PLC ("Culver"), the Cardiff based business
development group, announced the acquisition of Hothouse Media Services
Limited and Wire2 Limited on 1 September 2000.



Wire2 Limited develops multi-media services serving a broad range of
requirements within the news distribution market.  Hothouse Media Services
Limited managed a news media service for a leading international
telecommunications company providing electronic copy collection and
distribution services principally to the UK newspaper industry.  This service
has since 1 February 2001 been successfully migrated to a service with a more
up to date architecture which has additional library, archive and charging
functions already available.



The consideration for the acquisition included two deferred elements, related,
respectively, to turnover in 2001 and profitability over the period to 31
December 2002.  The maximum consideration payable in respect of turnover in
2001 is #1.65 million and is earned in instalments related to multiples of
turnover in certain periods.  The second tranche was established as five times
the turnover to February 2001.  Turnover for January and February 2001 was #
112,126 and, as a result, deferred consideration for of #560,630 became
payable.



The Company has, as a result, issued #560,630 of convertible unsecured loan
stock and all of such loan stock has been immediately converted by election of
the holders into 1,056,369 new ordinary shares of 25p each in Culver (the "New
Ordinary Shares").



Application is being made to the UK Listing Authority for the New Ordinary
Shares to be admitted to the Official List and to the London Stock Exchange
for such shares to be admitted to trading.  Such admissions are expected to
become effective on 26 April 2001.  The New Ordinary Shares will rank pari
passu in all respects with the ordinary shares of Culver currently in issue.



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