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Wednesday 15 April, 2009

Adili plc

Placing


AIM: ADIL 15 April 2009

                                   Adili plc                                   

                          ("Adili" or "the Company")                           

          Placing of 11,633,500 new ordinary shares to raise £350,000          

Adili plc, the online retailer of ethical fashion and lifestyle products
trading through Adili.com, announces that it has completed a placing to raise
approximately £350,000 before expenses through the issue of 11,633,500 new
ordinary shares ("Placing Shares") at a price of 3p per share ("Placing"). The
net proceeds of the Placing will be used for the Company's immediate working
capital requirements. The Placing represents the first phase of a continuing
fundraising programme which, when completed, the directors believe will take
the Company to cash break even. The Company expects to complete the next phase
of the fundraising during the summer.

Following completion of the Placing, the holdings of certain existing
shareholders will be as follows:

Shareholder                       Number of        Holding      Percentage of
                             Placing Shares  following the share capital held
                                                   Placing      following the
                                                                      Placing
                                                                             
Hawk Investment Holdings          5,666,700     27,074,048             48.77%
Limited                                                                      
                                                                             
Mark Houghton Brown Esq.          2,666,700      4,226,664              7.61%
                                                                             
Powe Capital Management LLP         833,400      2,791,630              5.03%
                                                                             
Peter Davies Esq.                 1,566,700      2,552,674              4.60%
                                                                             
Williams de Broe Limited            900,000      2,536,840              4.57%

The Placing Shares will rank pari passu in all respects with the Company's
existing ordinary shares. Application has been made for the Placing Shares to
be admitted to trading on AIM ("Admission"), which is expected to take place on
16 April 2009. Following Admission, there will be a total of 55,515,204
ordinary shares in issue.

Nick Samuel, Chairman, commented:

"The commercial performance of our new website launched late last year and the
initial positive reaction to our own labels, both from our customers and
industry observers, have combined to drive the positive development of the
business. 

I am pleased to see that our shareholding base has been supportive in the
current economic environment. We will be looking to widen the shareholder base
further over the coming months and are particularly interested in securing
additional investors with retail experience."

Enquiries:

Adili plc                      Adam Smith, Chief Executive T: 01258 837 437  
                               Officer                                       
                                                                             
                               Mark Swire, Finance                           
                               Director                                      
                                                                             
John East & Partners Limited   David Worlidge/Bidhi Bhoma  T: 020 7628 2200  
(Nominated Adviser and Broker)                                               
                               Graeme Cull                                   
                                                                             



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