CHA Concha

RNS Number:2266Q
Hot Tuna (International) plc
17 March 2008


                          Hot Tuna (International) PLC
                         ("Hot Tuna" or the "Company")

                            �120,000 Equity Placing
                              Total Voting Rights
                             Holding(s) in Company

The Company is pleased to announce that it has placed 12,000,000 ordinary shares
of 1p each in the capital of the Company at a price of 1p per ordinary share
("Placing Shares") with certain investors (the "Placing").

Pursuant to the Placing, participants have additionally been granted one warrant
to subscribe for an additional ordinary share in Hot Tuna for each two new
ordinary shares subscribed for by that participant in the Placing. These
warrants are exercisable at 1.5p per share for a period of five years from the
date of admission of the Placing Shares to trading on AIM.

The Placing proceeds of �120,000 will further enable the Company to continue to
provide the necessary working capital for its growing order book of surf apparel
for stores in Europe, America and Australia.

The Placing Shares will represent approximately 7.8 per cent. of the Company's
enlarged issued share capital and application will be made for the admission of
the Placing Shares to trading on AIM. It is expected that dealings in the
Placing Shares will commence at 8.00 a.m. on 21 March 2008.

The total number of shares in issue and therefore the total number of voting
rights following completion of the Placing will be 153,293,419.

The Company was notified on 13 March 2008 that as of 11 March 2008 Lehman
Brother International (Europe) ("Lehman Brothers") held 19,250,000 ordianry
shares in the Company, representing 13.62 per cent. of the current issued share
capital and total voting rights. However, following the completion of the
Placing and the issue of the Placing Shares, Lehman Brothers' holding will
represent 12.56 per cent. of the then issued share capital and total voting
rights.

ENDS

For further information, please contact:

Hot Tuna (International) PLC
David Lenigas, Chairman                            Tel: +44 (0) 7881 825378
Niels Juul, CEO                                    Tel: +1 310 8014666
                                                   niels_juul@hottunaplc.com

Seymour Pierce Limited
Mark Percy                                         Tel: +44 (0) 20 7107 8000
                                                   www.seymourpierce.com



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

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