Placing, Contract Award, and Intention to list on AIM

Placing
Vicorp is pleased to announce that it has raised ₤546,250 (before expenses) by the private placing of 14,566,665 ordinary shares of 0.1 pence each at a price of 3.75 pence per ordinary share, effective 27 April 2007. It is intended that the funds raised under the placing will be used to provide working capital.

Warrants
Warrant holders, who collectively hold 5,496,500 warrants for ordinary shares in the Company, that are due to be exercised by 30 June 2007 at an exercise price of 7 pence have been offered the alternative choice of exercising their warrants by 4 May 2007 at an exercise price of 3.75 pence. The proceeds will be used to provide working capital.

Contract award
The directors are pleased to announce that they have signed a framework agreement with Barclays Bank PLC. The agreement appoints Vicorp as the application development partner for its voice applications for the next two years. The agreement does not contain a financial commitment and projects will be called off one by one over this period. The directors believe the award will be significant to the ongoing development of the company. Other contracts are also currently in discussion.

Appointment of NOMAD
The directors have appointed Zimmerman Adams International as Nomad to the Company in order to take the Company to the AiM market. Application for admission to AIM is expected to be made within the next two months. SVS Securities plc will continue to act as the Company's broker and corporate finance advisor.

Directors interests
Following the issue of the shares in the placing, the interests of the directors of Vicorp in the issued equity is as follows:

Revised shares in Issue
The number of ordinary ₤0.001 pence shares in issue following the above placing but before the exercise of any warrants is 123,410,563 shares.

Further placing
The directors of the company intend to raise further equity through a placing at the time of the Company's admission to AIM. Details will be announced in due course.

The Directors accept responsibility for the contents of this announcement.

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