SRR Strategic Ret.

RNS Number:6838E
Strategic Retail PLC
01 November 2004


                              Strategic Retail plc
                                ("the Company")


1 November 2004


The Company is pleased to announce that, conditional upon admission, it has
raised #75,000 by a placing ("the Placing") of 187,500 ordinary shares of 0.5p
("the Placing Shares") at 40p per share.  The monies raised by the Placing will
be used as further working capital following the Company's acquisition of Leveys
Limited on 4 October 2004.


The Placing Shares will be admitted to trading on AIM on Wednesday 3 November
2004.


Enquiries:


Strategic Retail plc  Ian Currie (Executive Chairman)    Tel:  0161 831 1512



W.H. Ireland Limited  David Youngman (Deputy Chief Executive)Tel:  0161 832 2174


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

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