2 February 2010

                             NEXUS MANAGEMENT PLC                              

                                  (AIM: NXS)                                   

                                Issue of equity                                

The Company announces that it has received a notice to convert $100,000 of the
convertible loan note issued to VPEP Technology Corporation ("VPEP") in
connection with the acquisition of the business, assets and certain liabilities
of Scott Technology Corporation (the "STC Business") repayable on or before 31
October 2010. Accordingly, the Company has issued 15,980,675 new ordinary
shares at a price of 0.387p per share, in accordance with the terms of the
convertible loan note.

Application will be made for 15,980,675 new ordinary shares to be admitted to
trading on AIM. Admission of such shares is expected to become effective and
dealings are expected to commence on AIM on 5 February 2010. Following the
issue of such shares, the Company will have 1,048,356,430 ordinary shares in
issue.

Following the above conversion the outstanding convertible loan notes in
respect of the acquisition of the STC Business, including interest, at today's
date, together with the final repayment date are as follows:

Final payment Date Amount ($)

1 August 2010 62,279

1 September 2010 115,195

1 October 2010 103,736

31 October 2010 318,766

With effect from the date one year prior to the due repayment date of each
convertible loan, or in the event the Company defaults on the payments due
under the convertible loans, VPEP has the right, at its sole option, to convert
the outstanding balance due under the specific loan into new Ordinary Shares in
the capital of Nexus. Any new Ordinary Shares so issued would be issued at a
price equivalent to a 10 per cent discount to the average bid price in the 20
business days preceding the date upon which the option is exercised.

                                  ---ENDS---                                   

Enquiries:

Nexus Management Plc                               Tel: 01862 812 107
Roger Richardson, Chief Executive

Merchant John East Limited (Nomad)                 Tel: 020 7628 2200
Simon Clements/David Worlidge

Daniel Stewart & Company plc (Broker)              Tel: 020 7776 6550
Christopher Theis

Bishopsgate Communications Ltd                     Tel: 020 7562 3350
Robyn Samuelson/Siobhra Murphy
nexus@bishopsgatecommunications.com


About Nexus Management plc

Nexus Management is a specialist IT Managed Services Provider. Nexus has two
key markets: the UK and the US, where it can offer its customers 24 hour
support. Nexus specialises in Remote Server Management, Disaster Recovery, Data
Storage, Help-Desk, Desktop Support and Wide Area Network Management and
Monitoring. Through its ownership of the Nerd Force Franchise Company, a
provider of on-site support with franchises in Europe and the US, and
Resilience Technology Company, the provider of bullet-proof network security,
Nexus is able to offer a full range of IT services suitable for the small
business right up to multi-national enterprises.

Nexus is quoted on AIM, a market of the London Stock Exchange. For further
information on the Company, please visit www.nexusmgmt.com