Blue Star Regulatory News (BLU)

Blue Star Capital plc

("Blue Star Capital" or "the Company")

Issue of Equity

Blue Star Capital is pleased to announce that it has raised £43,750, before expenses, through a subscription of 17,500,000 new ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.25p per share (the "Subscription Shares")(the "Subscription"). Part of the Subscription proceeds will be used to satisfy the condition subsequent as described in the announcement dated 17 April 2013, which required an initial payment of £20,000 to be made to holders of the Loan as defined therein. The balance of proceeds will be used for additional working capital.

Mr Anthony Fabrizi, the Company's Chief Executive Officer who is also a Loan holder, has subscribed for £2,500 of the Subscription and his new shareholding upon admission to trading on AIM will increase from 3,226,203 Ordinary Shares, which equates to 1.84% of the issued share capital, to 4,226,203 Ordinary Shares or 2.2% of the enlarged issued share capital.

Application has been made for the Subscription Shares, which will rank pari passu in all respect with the existing Ordinary Shares, to be admitted to trading on AIM, with dealings in the Subscription Shares expected to commence at 8.00am on 30 April 2013.

Following completion of the Subscription, the Company's enlarged issued share capital will comprise of 192,942,191 Ordinary Shares of 0.1p each, with one voting right per share. There are no shares held in treasury. This figure is the number that may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interesting, or a chance to their interest in, the Company under the FCA's Disclosure Rules and Transparency Rules.

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