JET 0.00% 43.0¢ jetset travelworld ltd

JET - capital raising closed early - completed

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    For any JET followers ( HRK ) some good news today :

    JETSET TRAVELWORLD LTD 2002-05-20 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    The Company is pleased to advise the closure of the Issue pursuant to
    its prospectus dated 30 April 2002 (the "Prospectus") raising an
    amount of $5.6 million represented by 28,000,000 Shares at 20 cents
    each and 14,000,000 free attaching options exercisable at 20 cents
    each on or before 30 June 2003.

    The Issue has attracted strong investor interest and the Directors
    closed the Issue having attained minimum subscription to avoid
    unnecessary dilution of the interests of existing shareholders. As
    stated in the Prospectus, the Directors are of the opinion that upon
    completion of the Issue, the Company will have access to adequate
    working capital facilities to carry out its objectives.

    The Company is currently completing the share allotment process and
    anticipates the re-quotation of its securities on ASX by the end of
    the month.

    Upon re-quotation of the Company's securities, its capital structure
    will be as follows:

    * Fully Paid Ordinary Shares 86,588,255
    * Options exercisable at 20 cents before 30 June 2003 55,570,603


    T Sweet
    CHAIRMAN
 
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