CHARIOT (UK) PLC
ADMISSION TO AIM
COMMENCEMENT OF DEALING IN SHARES
Chariot (UK) plc (Chariot or the Company), a new venture which intends to retail lottery tickets on behalf of charities, is pleased to announce that dealings have today commenced in its shares following its admission to AIM, a market operated by the London Stock Exchange. Unconditional dealings in Chariots ordinary shares will commence at 8.00am this morning under the ticker symbol CRT.

Prior to, and conditional upon admission, the Company raised 9.6 million (gross), through a placing of 8,350,000 new ordinary shares of 1p each at 115p per share. Following the placing Chariot has 15,964,250 shares in issue and an approximate market capitalisation of 18 million at the placing price.

Noble & Company Limited is acting as the Companys broker and nominated advisor.

Proceeds from the placing will be used to fund the Companys working capital requirements and the marketing and promotion costs associated with the launch of the venture, which is expected to take place during the first half of 2006.

Commenting on the announcement, Craig Freeman, Managing Director of Chariot, said:

"We are pleased to have successfully completed our flotation. The funds raised will provide us with a strong platform upon which to launch our game in 2006 and we look forward to delivering a new and exciting lottery for the benefit of players and charity partners alike".


For further information contact:

Peter Otero, Bell Pottinger Corporate & Financial: 020 7861 3232
Nick Naylor, Noble & Company Ltd: 020 7763 2200
Notes to Editors

Chariot was founded in April 2003 with the aim of increasing the percentage contribution, per ticket sold, to registered charities relative to the Companys main potential competitor, The National Lottery. Chariot will allow the lottery players to choose the registered charity benefiting from their lottery ticket purchases
Chariot is developing its lottery concept into a business model that will be run under society lottery rules.
Players are expected to play the game primarily through the internet. Other methods of playing will be via phone and post.
To date, over 50 charities have signed contractually binding agreements to participate .
The Board has extensive experience of operating lotteries as well as expertise in the gaming and charity sectors. Craig Freeman, Managing Director of Chariot, has start-up experience in the Australian media sector. Tim Holley, Chairman of Chariot, has been actively involved in a number of lottery projects around the world.

http://www.chariot.org.uk

good luck to you, these have really fell from grace! great idea but management never succeeded. would contemplate sneaking a few at this price but last months trading statement doesn't give any hope unfortunately.

daws

Couple more large orders late yesterday, somebody knows something.

up 76% today you lucky bugger!

Up "maybe", but look at that spread....doesn't look like much more than MM's wringing out the last knockings.
+Has the Administration issue gone-away?
+Has their business model been fixed?
Grr!
As to Execs having experience....in failure?....how else could this Charity be described when those that lend it money to get going have their trust savaged by gross incompetance. - Running out of cash should be seen as a Deadly Sin. More-so, when your business is cash - no product-risk here - no Wrong-colours, no manufacturing defects. This fiasco is ALL "Poor Marketing" IMHO and a lack of eye-on-ball, .....hoping something would turn-up.
Grr! Grr!

Spread is ridiculous, but im sure it would be possible to deal inside the quoted spread. And if that was the case, tech 'lucky bugger' could have made himself a nice profit.
as for you second paragraph - i really couldnt agree more!

daws

Still thrashing about - up a large % today yet no substance/news I can see.
Must be MM's pushed the wrong button.....it's marked "Exit" and requires a gentle, but steady push.

I just hope these Execs never work again.

So the results of the AGM are out - I couldn't be bothered to go - seems to me that with a business in this "Dire" situation, only a very-stupid Board would wait until an AGM to ann. a super wheeze that would turn the trend.

Well, they didn't and the falls continue - let's hope that these Execs fall on their swords - without hullabaloo, rewards, or pay-off etc.
- and- the sooner the better!

http://independent.moneyam.com/news/article.php?id=4091279&epic=CHAR

:-;

lol - ignore last post - cheers!