Servision PLC Regulatory News (SEV)

SerVision PLC

("SerVision" or the "Company")

Issue of Equity

SerVision (AIM: SEV), the AIM listed leading developer and manufacturer of digital security systems, is pleased to announce that it has conditionally raised £319,819 (before expenses) through the subscription for 5,330,319 new ordinary shares of 1p each (the "Subscription Shares") at a price of 6p per Subscription Share (the "Subscription"). The Subscription price represents a 37% premium to the Company's closing mid market price of 4.375 pence on 24 December 2012, being the latest practicable business day prior to this announcement. The net proceeds of the Subscription will be used by the Company for general working capital purposes. Application will be made for admission of the 5,330,319 Subscription Shares to trading on AIM ("Admission") and it is anticipated that Admission will occur on or around 08 January 2013. The Subscription is conditional only upon Admission and has been carried out within the Company's existing share authorities.

As part of the Subscription, Gidon Tahan, Chairman and CEO of SerVision, subscribed for 1,075,269 Subscription Shares, for £64,516. Following Admission, Mr Tahan will have a total beneficial interest in 9,857,881 ordinary shares of 1p each, equivalent to 17.84% of SerVision's enlarged share capital.

Following Admission the total enlarged issued share capital of SerVision will be 55,268,921 ordinary shares of 1p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Gidon Tahan, Chairman and CEO of SerVision, commented, "I am delighted to raise further funding from a small group of new investors at a premium to the current prevailing share price in continuing difficult market conditions. This funding will provide the company with further working capital to fulfil our order book, which continues to grow. I remain optimistic about our prospects for 2013 and beyond which is further evidenced by my personal participation in this fundraising."

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