Your Space plc ('Your Space' or 'the Company')

Issue of Equity

14 April 2009

The Your Space board hereby announces that further to the convertible loan agreement between Your Space and YA Global Investments, L.P. (f/k/a Cornell Capital Partners, LP) ('YA Global') dated 19 December 2007 (the 'Agreement') and notified to the market on 21 December 2007, the Company received notice on 25 March 2009 that YA Global Investments wish to convert £30,000 of the principal loan amount (the 'Conversion Amount') into ordinary shares of £0.10 each in the capital of the Company ('Ordinary Shares'). 

Pursuant to the Agreement, the Conversion Amount is convertible at a rate which is the lower of the market price at the date of the issue of the Agreement and 80% of the market price at the date of conversion ('Conversion Price'). However, inasmuch as the Conversion Price would be lower than the nominal value of ordinary shares in the company (£0.10), YA Global agrees that this conversion only, shall occur with a conversion price of nominal value, or £0.10. As a result of this conversion, Your Space has allotted and applied for 300,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 20 April 2009. This represents approximately 1.3% of the issued share capital of the Company. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and increase the issued share capital to 23,148,709.

For further information please contact:-

Steve Turton, Director, Your Space plc                        0151 229 1702

Sue Lace, Company Secretary, Your Space plc            0151 229 1703

Richard Hughes / Bobby Fletcher, Zeus Capital             0161 831 1512