INO Innobox

    Innobox Plc (the "Company")                          

                                    Placing                                    

14 February 2006

The Company is pleased to announce that it had yesterday carried out a
conditional placing of 10 million new ordinary shares of 2 pence each ("New
Ordinary Shares") at 2 pence per share to raise �200,000 less commission,
through Seymour Pierce Ellis Limited. Further to the announcement on 21
December 2005, the directors of the Company still intend to subscribe for new
ordinary shares to supplement the placing. A further announcement will be made
in due course.

The placing is conditional on the approval of the resolutions to increase the
authorised share capital of the Company and to grant the authority to directors
in order to raise finance for the Company to be proposed at the extraordinary
general meeting to be held on 24 February 2006.

Enquiries:

Russell Stevens                        07860 562621                            
                                                                               
Chief Executive, Innobox Plc           russell@innobox.co.uk                   
                                                                               
Richard Morrison                       020 7601 6115                           
                                                                               
Westhouse Securities LLP               richard.morrison@westhousesecurities.com



END

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