Proventec Plc (AIM:PROV), a provider of specialist steam cleaning and coatings
technologies, is pleased to announce that it has raised £1m (net) via a placing
of 11,500,000 new ordinary shares of 5 pence each in the Company ('Ordinary
Shares') at 9 pence per share.

The proceeds of the Placing will be used for working capital purposes and to
fund further development of the Company's strategy.

Application has been made to the London Stock Exchange for the new Ordinary
Shares to be admitted to trading on AIM ('Admission'). It is expected that
Admission will take place at 8.00am on 6 July 2007. The new Ordinary Shares
will, on Admission, rank pari passu with, and will be identical in all respects
to, the existing Ordinary Shares of the Company.

On Admission, the Company will have 242,804,855 Ordinary Shares in issue.

David Chestnutt, Chief Executive of Proventec, said: 'We would like to thank
our new shareholders for their interest in the Company and investing at this
exciting time. The money raised will enable us to accelerate our growth
strategy and develop our portfolio of businesses.'


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