RNS Number:5156N
Turbo Genset Inc.
14 July 2003



                                                                   14 July 2003


                           RE: GBP5,000,000 FINANCING



Turbo Genset Inc. is pleased to announce that the #5,000,000 (C$11,150,000)
financing agreement with Island Investment (Securities) Ltd. & Argun Investments
Limited closed on Friday 11 July 2003 as scheduled.



For further information, please contact:

Turbo Genset Inc                                       Tel: +44 (0)20 8564 4460
United Kingdom
Peter Hollins, Chief Executive Officer
Fraser Searle, Chief Financial Officer

Website:                                               www.turbogenset.com
                                                           
Gavin Anderson & Company (PR)                          Tel: +44 (0)20 7554 1400
Ken Cronin







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