RNS Number:1585N Proventec PLC
04 February 2008
Press Release
Proventec plc
('Proventec' or 'the Company')

Issue of Loan Notes
Proventec plc (AIM:PROV), a provider of specialist steam cleaning and coatings
technologies, announces that it is to issue convertible loan notes totalling
£4.06 million (approximately Euro5.5 million) to European investors outside of the UK.
These loan notes will provide net proceeds to the Company of approximately £3.71 million which will be used to facilitate an increase in production of Osprey DeepClean's (Proventec's wholly owned subsidiary) steam cleaning equipment to meet demand, to add to the Company's cash reserves for working capital purposes and to provide a fund to facilitate the Company's acquisition strategy.

Subject to the passing of applicable shareholder authorities, which will be
sought as soon as practicable, the 8.5% fixed rate guaranteed unsecured loan
notes will be convertible into Ordinary Shares (at the option of the holder) at
14 pence per share. The loan notes are repayable in one final payment on 31
December 2012 and (subject to the passing of the aforementioned shareholder
authorities) will be issued on the same terms as the Company's existing loan
notes.

Given the significant and increasing European shareholder base, the Company also plans to seek admission to EuroNext operated by NYSE Euronext, where it would be dual listed on EuroNext and the London AIM market. The Company expects admission to occur in 2Q 2008. It is expected that this dual-listing will provide greater liquidity for existing and future shareholders.

David Chestnutt, Chief Executive of Proventec, said: 'I would like to welcome
our new investors who have recognised the exciting opportunities ahead.
Following the award of the NHS tender for Osprey DeepClean to be the sole
provider of specialist steam cleaning to UK hospitals, and through the full
integration of acquisitions made during 2007, we have seen a significant up turn in business. We have also identified a number of complementary acquisition targets and the money raised will provide us with the flexibility to be able to expand the business further.'

- Ends -


For further information, please contact:
Proventec plc
David Chestnutt, Chief Executive Tel: + 44 (0) 151 706 0626
dchestnutt@proventecplc.com www.proventecplc.com

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