AVD Avid Holdings

RNS Number:2215T
Addworth PLC
19 March 2007

Addworth Plc
19 March 2007

                                  Addworth Plc

              Addworth announces equity stake in Avid Holdings Plc

Addworth Plc, the AIM 'active capital investor', has today announced that it
recently subscribed for 15,000,000 new shares in the placing of 375,666,665
shares by Avid Holdings Plc, the AIM-listed pharmaceutical packaging company.
The purchase represents 3.99% of the enlarged Avid Holdings' equity.


For further information:

Addworth Plc                                            020 7638 8750
Mark Watson-Mitchell, Executive Chairman                www.addworth.co.uk

Aquila Financial Ltd                                    020 7202 2609
Yvonne Fraser                                           www.aquila-financial.com


Notes to Editors

Addworth (ADW), which gained admission to AIM on 3rd February 2005, was formed
primarily to act as an 'active capital investor'. The focus is upon the growth
of capital value and the generation of fee income from: establishing and funding
newly quoted sector focused companies; acquiring and developing companies with
growth potential; and taking minority equity positions in undervalued smaller
listed companies.

In the middle of January 2007 the Company established its own insurance company
in Guernsey, called Risk Transfer.

In late January 2007 it also floated Oil and Gas Support Services Plc on PLUS
Markets, a special purpose acquisition company planning to acquire companies
providing services to the global oil and gas sector.

Avid Holdings (AVD) supplies specialist child resistant packaging solutions for
blister pack drugs through its subsidiary Pill Protect. The Company is focused
on the development of its pharmaceutical packaging business and the Acquisition
is a continuation of this strategy.

On 20 February 2007 Avid acquired Electro-Mec (Reading) Ltd in a Placing of
133,333,333 new ordinary shares at 0.75p per ordinary share. Founded in 1969,
Electro-mec is a precision engineering business producing high quality,
blister-pack change tooling for the pharmaceutical industry (from which it
generates the majority of its revenues) as well as offering some machining and
assembly for the defence industry.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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