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Acquisition of WFCA Integrated Limited ("WFCA") - update

01 April 2008

Further to the announcement made on 14 March 2008 ("Announcement") by Ekay PLC ("Ekay" or the "Company"), the Company is pleased to announce that the terms of the debt financing facilities required to partially finance the acquisition of the whole of the issued share capital of WFCA ("Acquisition") have been agreed (the "Debt Facility").

The Debt Facility will, taking into account the anticipated net proceeds of the placing of new ordinary shares in Ekay referred to in the Announcement, permit the completion of the Acquisition and assist in providing, in the opinion of the directors of the Company, sufficient working capital for the Company and its subsidiaries following completion of the Acquisition. The availability of funds under the Debt Facility is subject to the satisfaction of certain conditions which are required to be satisfied before the Debt Facility can be drawn down. Subject to the satisfaction of such conditions, it is intended that the Debt Facility will be drawn down at completion of the Acquisition ("Completion") following approval of an increase of the Company's borrowing powers which is to be proposed at the General Meeting of the shareholders of Ekay to be held on 2nd April 2008 ("GM").

As part of the terms of the Acquisition, two of the vendors of the entire issued share capital of WFCA, Michael Richards and Rodger Braidwood, have chosen to take an aggregate of £1 million of the cash consideration due to them at Completion in the form of loan notes to be issued by Ekay at Completion ("Loan Notes"). The Loan Notes will bear interest at 3 per cent over the Bank of Scotland base rate from time to time and will be repaid by the Company in five equal instalments on the dates falling 12, 18, 24, 30 and 36 months after Completion. The Company may elect to repay the Loan Notes earlier without penalty.

A further announcement will be made once the GM has been held.

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