Issue of Equity

4 February 2010

Gable Holdings Inc

("Gable" or "the Company")

Issue of Equity

Gable (AIM:GAH), today announces that, following earlier receipt of notification from Strand Hanson Securities Limited ("Strand") to exercise the warrant issued to it and as set out in the AIM admission document dated 6 January 2005, the Company is to issue 1,122,000 new ordinary shares of 0.25p each ("Shares"), representing 0.99 per cent of the enlarged issued share capital of the Company. Strand did not hold any shares in the Company prior to this issue.

Application for these Shares to be admitted to trading on AIM has been made and is expected to occur at 8.00 am on 10 February 2010. The Shares will rank pari passu with the existing issued shares. Following this issue there will be 113,322,000 ordinary shares of 0.25 pence each in issue.

www.gableholdings.com

Enquiries:

Gable Holdings Inc Tel: +44(0) 20 7337 7460

Mark Fairman

Arden Partners plc Tel: +44 (0) 20 7614 5900

David Hart

Matthew Armitt

Hansard Communications Tel: +44(0) 20 7245 1100

John Bick