CVD Consol. Vend.

    28 June 2007

                            CONSOLIDATED VENDING PLC
                             ("CV" or "the Company")
                                        
               Acquisition of Kiddies Rides (U.K.) Limited ("KR")
                        Equity placing to raise �337,174
                Issue of convertible debentures to raise �625,000
                          Other financing arrangements
                                        
CV, the operator of photo booths and vending machines for quality miniature
toiletries through health clubs, is pleased to announce that, on 27 June 2007
(the "Completion Date"), it acquired the entire issued share capital of KR for a
total consideration of �600,000, including �150,000 to be paid by way of an earn
out.


The KR business

KR started trading in November 1999 and operates coin-operated rides for
children throughout the UK, under agreements with supermarkets, high street
retailers, shopping centres and a number of independent site owners. KR has 357
rides available over 169 sites. The company will provide CV with a new product
range, a wider customer base and synergies with CV's photo booth business as a
result of the similarity of locations. In the year ended 31 October 2006, KR had
turnover of �938,721, EBITDA of �155,839 and profit before tax of �45,780. At
that date, KR had net assets of �107,334.


Financing arrangements for the acquisition of KR and additional working capital

On the Completion Date, the Company placed 22,667,209 ordinary shares of �0.001
each (the "Placing Shares") at �0.014875 per share ("the Placing Price") with
funds managed by Arc Fund Management Limited, to raise �337,174 before expenses.

The Company has entered into the following arrangements with Trafalgar Capital
Specialized Investment Fund - FIS ("TCSIF" or the Lender"):

     1.   The Lender has advanced a convertible loan of �625,000 to the Company.
       Redemption will commence 12 months from the Completion Date. �425,000 plus
       accrued interest will be repaid over 12 months in equal instalments. The final
       �200,000 plus accrued interest will be repaid 24 months after the Completion
       Date. Interest will accrue on the outstanding amount at a rate of 8%. The lender
       shall be entitled to convert the loan into CV ordinary shares (up to the
       outstanding amount of the loan, but capped at an upper limit such that the
       conversion shares do not exceed 2.99% of the total number of CV ordinary shares
       in issue) with effect from the sixtieth day after the Completion Date. The
       conversion price is the lower of a fixed conversion price and 85% of either the
       lowest volume weighted average price for the 5 trading days before conversion or
       CV's broker's bid price. The fixed conversion price is itself the lower of the
       Placing Price and the volume weighted average price on the Completion Date. In
       addition, the lender has been granted warrants over up to 1,200,000 CV ordinary
       shares, exercisable at nominal value at any time within 5 years of the
       Completion Date.
     2.   CV has entered into a committed equity facility whereby CV has the right,
       subject to approval by TCSIF of the first requested subscription, to sell to
       TCSIF up to �2,000,000 of CV ordinary shares over  the next 30 months at a price
       equal to the lowest volume weighted average price over the 5 days following CV's
       subscription request.


Terms of the acquisition
       
The consideration for the acquisition is �600,000, and was paid as follows:

     1.   �300,000 in cash.
2.   �150,000 in CV ordinary shares at a price equivalent to the Placing Price
(10,084,034 shares - the "Acquisition Shares").
     3.   �150,000 to be payable in cash within the next eighteen months, subject to
       adjustment, up or down, depending on KR achieving an aggregate gross profit of
       �462,153 (as defined in the Sale and Purchase Agreement), computed on a monthly
       basis, within 12 months of the Completion Date.
       
In addition, CV has procured the repayment of a KR director's loan to KR. This
consists of �60,000 paid in cash, �50,000 satisfied in CV ordinary shares at a
price equivalent to the Placing Price (3,361,344 shares - the "Director's Loan
Shares") and �103,000 to be paid in cash in equal monthly instalments over the
next 18 months.

CV has also facilitated the settlement of certain finance and lease hire
obligations of KR, totalling approximately �78,500.

The cash elements of the consideration for the acquisition and the repayment of
the director's loan are to be funded through the use of the financing
arrangements described above. Part of the proceeds of the financing arrangements
will be used to complete the repayment of a loan of �1 million from 3i Group plc
for �650,000, a gain for CV of �350,000.


A total of 53,087,377 CV ordinary shares have been issued consisting of Placing
Shares, Acquisition Shares, Director's Loan Shares and shares issued in lieu of
cash fees for financing and advisory costs (16,974,790 shares). Application has
been made for the new ordinary shares to be admitted to trading on AIM and it is
expected that Admission will be effective on 4July 2007. Upon admission of these
shares to AIM, the Company will have 258,876,851 ordinary shares in issue.

The report and financial statements of CV for the 209 day period to 31 December,
2006 will be released no later than 30 June 2007.

The Company announces that it has changed its Registered Office to Woodside
Corporate Services, 4th Floor, 150-152 Fenchurch Street, London, EC3M 6BB.

Commenting on the acquisition and the financing arrangements, Andrew Coll, Chief
Executive Officer, said:

"We are delighted to have completed our first acquisition since being admitted
to AIM in December 2006. Kiddies Rides introduces a new product range to our
group and broadens our customer base. There will be benefits from engineering
and servicing efficiencies because of the similarity of the locations of rides
in Kiddies Rides and in our Snap photo booth operation. The new financing
arrangements will provide the enlarged group with the flexibility to develop the
existing businesses and to make further acquisitions should opportunities become
available."

Enquiries:

Andrew Coll
01494 513927
Chief Executive Officer

Nick Harriss
020 7512 0191
ARM Corporate Finance Ltd

Robert Kretowicz
020 7638 5600
SVS Securities plc

Paul Quade
020 7248 8010
Cityroad Communications
mobile: 07947 186694

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