SOC Soccercity

RNS Number:2881B
Soccercity PLC
10 April 2006


                                 Soccercity plc

                        ("Soccercity" or the "Company")

          Issue of Equity, Capitalisation of Debt and Loan Conversion


The Company announces that it is raising up to #540,000, before expenses, via a
placing of up to 54,000,000 new ordinary shares of 1p each in the Company 
("Ordinary Shares") at 1p per share (the "Placing"). At the same time, Acceleris
Corporate Ventures plc ("Acceleris"), a company of which Norman Molyneux,
Executive Chairman of Soccercity, is a shareholder and Chief Executive Officer,
is capitalising #75,000 of outstanding debt into 7,500,000 Ordinary Shares at 1p
per share.

Application has been made for the Ordinary Shares to be admitted to trading on
AIM and dealings are expected to commence on 13 April 2006. The new Ordinary
Shares will rank pari passu with the existing Ordinary Shares in issue.
Following the capitalisation of outstanding debt due to Acceleris, and assuming
full subscription under the Placing, the number of Ordinary Shares in issue will
be 99,098,580.

With the exception of Norman Molyneux, Soccercity's directors consider, having
consulted with its nominated adviser, WH Ireland Limited, that the terms of the
capitalisation of the Acceleris debt are fair and reasonable insofar as its
shareholders are concerned.

The proceeds from the Placing will be used by the Company as additional working
capital.

Following the capitalisation of the Acceleris debt and assuming full
subscription under the Placing, Richard John Ratcliffe Keeling will be
interested in 20,356,444 Ordinary Shares, representing approximately 20.54% of
the enlarged issued Ordinary Share capital of the Company.

The directors have participated in the Placing and will be interested in the
following number of Ordinary Shares of the Company:

           Director               Ordinary Shares purchased     Resultant shareholding         %age (1)
Jason Lynn                                 550,000                     3,550,000                 3.58
Norman Molyneux                            800,000                      900,000                  0.91
Trevor Cherry                              550,000                      805,625                  0.81


(1) Assuming full subscription under the Placing and the capitalisation of the
Acceleris debt.

In addition to the Placing and debt conversion, agreement has been reached that
loans and interest accrued thereon, totalling approximately #155,000, will be
converted into a new convertible loan stock ("Convertible Loan"). The
Convertible Loan will carry a coupon of 1.5% above Bank of England base rates
and, if not converted prior to redemption, will be redeemed on 31 March 2008.
The Convertible Loan will be convertible at any time at the request of the
Company or the holder of the Convertible Loan at the rate of 1p per Ordinary
Share for every 1p of Convertible Loan.



For further information, please contact:

Norman Molyneux, Soccercity plc                               Tel: 01942 322 256
David Youngman, WH Ireland Ltd                                Tel: 0161 832 2174


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