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RNS Number:6581R
Hot Tuna (International) plc
23 September 2005




                    Hot Tuna International PLC Floats on AIM



Hot Tuna International plc, ("Hot Tuna" or "the Company") owners of one of the
world's longest established surfing lifestyle brands, announces its admission to
AIM today, following a successful placing of 3,801,000 shares at 50p to raise
#1.9m.   Nabarro Wells is acting as the Company's Broker and Nominated Adviser.



Placing statistics

Placing Price                                                                50p
Number of Placing Shares                                               3,801,000
Total number of Ordinary Shares                                       40,001,000
Percentage of the enlarged share capital subject to the Placing             9.5%
Market capitalisation following Admission at the Placing Price       #20 million
Estimated gross proceeds of the Placing                               #1,900,500
Estimated net proceeds of the Placing                                 #1,676,500



Hot Tuna was established in 1969, in Australia, and quickly established itself
in the market with the introduction of retro style surf board shorts. All the
Company's products, which include board shorts, t-shirts, hats, swimwear, surf
hardware, and footwear, are badged with Hot Tuna's distinctive Piranha and
Bull's Head logos.


Headquartered in London, Hot Tuna will use the proceeds of the listing to expand
the number of licensees it has on a world wide basis, enhance the brand
positioning and increase the support it provides current licensees to increase
market share. Hot Tuna's products are currently sold in Australia, New Zealand,
United Kingdom, United States, Mexico, and Singapore. Hot Tuna also intends to
develop new market segments by extending its product range with the launch of
backpacks, carry bags, eyewear and jewellery and by broadening its business in
extreme sports.


The development of the Company's existing licensees in Australia, New Zealand,
the United States, Mexico and Canada will remain a priority following the
listing, particularly in North America where the demand for surfing apparel is
increasing while other licensees will be sought in key European countries. In
the United States alone, the number of active participants in the surfing and
extreme sports market in 2000, was estimated at more than 50 million with a
market value of US$2.4billion. The size of the European market is valued at
approximately Euro550 million and growing at around 15 per cent per annum.


Tony Oxley, Chief Executive Officer stated: "Hot Tuna is such a recognisable
brand due to our unique logos of the Piranha and the Bulls Head, it has been
great to see the familiarity with the name in the listing process.  It is with
excitement that we look forward to developing a global brand."


Ranjit Murugason, Non Executive Chairman of Hot Tuna, commented: "Hot Tuna is an
international brand with global appeal.  We believe with the increasing
popularity of surfing and the surf lifestyle around the world that now is the
right time to list the Company and use the proceeds for further expansion. We
have chosen to list in London because it will be the base from which the Company
will roll out its plans for international expansion."



- Ends -



For further information, please contact:


Hot Tuna International Plc  Ranjit Murugason, Chairman         +44 20 7 016 9466
                            ranjit@hottuna.com.au

Nabarro Wells               Hugh Oram                          +44 20 7 710 7400

Parkgreen Communications    Justine Howarth/Victoria Thomas     +44 20 7493 3713
                            victoria.thomas@parkgreenmedia.com






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