TES Thames Water 26

RNS Number:5591B
TradingSports Exchange Systems PLC
03 August 2004


For Immediate Release                                            3 August 2004


                       TRADINGSPORTS EXCHANGE SYSTEMS PLC
                                        
                                        
PROPOSED SUBSCRIPTION FOR UP TO 30,000,000 SUBSCRIPTION SHARES AT A PRICE OF 15p
                      PER SHARE TO RAISE UP TO #4.5 MILLION


TradingSports Exchange Systems plc ("TradingSports" or "the Company") has noted
the recent movements in the company's share price, and confirms that it has
received, and is progressing, a proposal from a number of institutional and
other investors, led by Mr Terry Ramsden, to subscribe for up to 30,000,000
shares at a price of 15p per share, raising up to #4.5 million.


Final negotiations are still on-going and a circular outlining the above, and
other, proposals will be sent to Shareholders in the course of the next week.


Further announcements will be made as appropriate.


For further information:

TradingSports Exchange Systems plc                        Tel: 0141 586 3422                                     
Roger Mitchell, Chief Executive Officer







                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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