INO Innobox

    Innobox plc                                  

                                Loan to Company                                

Innobox plc (the "Company") announces that on 17 August 2007, the Company
agreed the terms of a loan of �25,000 from Russell Stevens, Chief Executive of
the Company (the "Loan"). The Loan is repayable on demand and attracts interest
at a rate of 8 per cent. per annum, payable quarterly in arrears.

In accordance with Rule 13 of the AIM Rules for Companies, the directors of the
Company, excluding Mr. Stevens, consider, having consulted with Hanson
Westhouse Limited, the Company's Nominated Adviser, that the terms of the loan
are fair and reasonable insofar as shareholders of the Company are concerned.


Enquiries:

Russell Stevens                         07860 562621                           
Chief Executive                         Russell@innobox.co.uk           
       
                                                                               
Tim Feather / Matthew Johnson           0113 246 2610                          
Hanson Westhouse Limited                                                       



END

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