Result of Extraordinary General Meeting in connection with the placing of 17,500,000 new Ordinary Shares of 0.5p each at a price of 20 pence per share (the ‘Placing’).

LiDCO Group plc (AIM: LID), the cardiovascular monitoring company, is pleased to announce that the resolution proposed at the Company's EGM held earlier today relating to the placing of new ordinary shares was duly passed by shareholders.

As a consequence, 17,500,000 Ordinary Shares in connection with the Placing are expected to be allotted to institutional and other placees on behalf of the Company by Panmure Gordon. Following the close of the Placing the Company will have raised approximately GBP3.2 million after expenses which will be used for product development, to support market expansion and related working capital requirements and to reduce borrowings.

Application has been made for these shares, which will rank pari passu with existing shares in issue, to be admitted to AIM, and it is expected that admission will become effective at 08.00 on 24 May 2006. Following admission of the new ordinary shares to trading on AIM, the Company will have 118,071,850 Ordinary Shares in issue.

Commenting at the Meeting, Theresa Wallis, LiDCO's Chairman said, 'I am delighted that shareholders have overwhelmingly supported this Placing and we now look forward to using this strengthening in the Company’s financial base to support its continuing sales growth in the fast-growing international market for minimally invasive cardiac monitoring'.