AWR Adwalker

    30 November 2007

                                 ADWALKER PLC                                  

                         ("Adwalker" or the "Company")                         

                            Placing raises �930,000                            

The Board announces today that it has conditionally raised �930,000, before
expenses, from a Placing by John East & Partners Limited ("JEP") of 62,000,000
ordinary shares in the capital of the Company ("Ordinary Shares") at 1.5p per
share (the "Placing Shares") with institutional and other investors.

The net proceeds of the Placing, amounting to �846,750, will provide additional
working capital to support the expected growth of the Company, repay overdue
trade creditors and provide working capital generally.

Following the issue of the Placing Shares, the Company will have 247,633,087
Ordinary Shares in issue. Application will be made for the Placing Shares to be
admitted to trading on AIM. Dealings in these shares are expected to commence
on 6 December 2007.

 

Commenting on today's update, Simon Crisp, CEO, said: "The result of this
placing will provide the Company with the necessary resources and working
capital to optimise the opportunities we have created in particular with
respect to the pilot project with a FTSE 100 "Fast Moving Consumer Goods"
company."

Enquiries:

Adwalker plc                                           Tel: +353 (1) 866 9000
                                                                             
Simon Crisp                                                                  
                                                                             
simon@adwalker.com                                                           
                                                                             
John East & Partners Limited                               Tel: 020 7628 2200
                                                                             
Simon Clements/David Worlidge                                                
                                                                             
Bishopsgate Communications Ltd.                            Tel: 020 7562 3350
                                                                             
Dominic Barretto                                                             
                                                                             
Sophie Davis                                                                 
                                                                             
sophie@bishopsgatecommunications.com                                         

Notes to Editors:

About Adwalker

The Adwalker mobile out-of-home, interactive media platform is an advertising
and media platform which is worn by its operators (`Adwalkers') as a compact
body pack incorporating an LCD screen, wearable computer, touch screen and
printer, enabling services and applications which include brand advertising,
point-of-sale, data capture and promotions.

Some of Adwalker's blue chip clients to date include Bank Of America, AT&T,BT,
Virgin Music, Volvo, Lufthansa, Motorola, Diageo, Daimler Chrysler, Microsoft,
Paramount Pictures, UIP/Universal Pictures, GSK, Ask.com, 3 Mobile, American
Express, Coors, Unilever, Comcast, O2, Ford, Guinness, Telemundo, British
Airways, Charles Schwab, Jameson's and Sears.

Adwalker's shares were admitted to trading on the AIM market of the London
Stock Exchange in August 2005. (Ticker: AWR) Its headquarters are in Dublin,
with offices in New York and London.

END

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