Loan Drawdown and Conversion to Equity

Details
Company Name:The Brandsco PLC
Ticker:BRAP
Date Posted:Friday, 5th February 2010
Price:0.75 (as of Thursday, 4th February 2010)

The Company announces that it has drawn down a sixth tranche of £12,500 on the Convertible Loan Facility announced on 30 April 2009. High Capital Investments Limited ("High Capital") has requested that this amount be converted into ordinary shares in the Company and the Company has today issued 12,500,000 million ordinary shares of at a price of 0.1p to High Capital. These shares have been admitted to trading on PLUS. The Company has also issued 12.5 million warrants to High Capital, exercisable by 29 April 2012 at a price of 0.1p.

The Company has been notified that High Capital sold 8,500,000 ordinary shares in the Company on 4 February 2010.

As a result of these transactions, High Capital is interested in 15,000,000 ordinary shares in the Company, representing 4.77 per cent of the enlarged issued share capital of the Company.

Following the issue of equity, the Company has 314,596,907 ordinary shares in issue.

The Directors of the Company are responsible for the contents of this announcement.

Company Profile

The Brandsco PLC (BRAP)

Price: 0.75 (at close of 04/02/2010)

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