AQA Aquabella Grp

RNS Number:6046C
Aquabella Group PLC
22 August 2007

22 August 2007

                              Aquabella Group plc
                         ("Aquabella" or "the Company")

                           Trading and Funding Update

The Board of Aquabella, an aquaculture company in the New Forest involved in the
indoor farming of Barramundi, producing high quality, farmed fish from a
sustainable and controlled environment, wishes to provide a trading update and,
further to the announcement made on 18 July 2007 regarding a #2 million equity
placing and the potential subscription of #1.26 million of convertible loan
notes (the "Loan Notes"), announces revisions to the terms of the Loan Note
arrangements.

Trading at Aquabella continues to develop. Average weekly sales volumes for July
and August have been between 3 and 4 tonnes. The sale of filleted Barramundi
will be launched in a top four UK supermarket chain on Monday 27 August 2007.
Initially fillets will be hand cut, but the Company has ordered an automated
filleting machine, which is expected to be operational by end September 2007 and
will enable volume fillet production from October 2007. This should then allow
the Company to roll out the large scale sale of fillets to other supermarkets
and wholesalers.

The Board anticipates that the sale of fillets rather than whole fish will
produce a significant uplift in sales volumes, with fillet sales ultimately
anticipated to comprise the significant majority of sales volumes. In addition,
the Company is undertaking major Barramundi sales promotions in three leading
supermarket chains over the next six weeks. The Board believes that these
strategic actions should greatly assist the Company in achieving a positive
cashflow position.

Aquabella also announces that it has agreed amended terms in relation to the
potential draw down of the Loan Notes. The revised Loan Note terms will give the
Company a call option (but not an obligation) to draw down the Loan Notes,
subject to the satisfaction of certain conditions, on or before 26 October 2007.
In the meantime, the Board is actively continuing to pursue the raising of
additional further funding, both debt and equity, with its bankers and potential
equity investors.


Press enquiries

Aquabella
Pieter Totte                  020 7234 0570

Shore Capital
Guy Peters                    020 7408 4090




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