RNS Number:3464N
Galleon Holdings PLC
09 July 2003

                                 PRESS RELEASE

                              GALLEON HOLDINGS plc

                                ("the Company")


Galleon Holdings PLC announces that it has today issued 3,800,000 new ordinary
shares at par to raise #38,000 for the Company.

Application will be made for these shares to be admitted to trading on AIM.

9 July 2003




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