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Statement

16th Jun 2005 12:20

Blue Star Capital plc16 June 2005 For immediate release 16 June 2005 BLUE STAR CAPITAL PLC ("Blue Star" or "the Company") Statement re Reflexion Cosmetics plc Blue Star Capital plc (AIM: BLU), the company created to provide seed capitalfor early stage companies, has undertaken to contribute to the futuretransaction costs of Reflexion Cosmetics (AIM: RFX), a company seekingacquisitions in the toiletries and cosmetics sector. Blue Star will only contribute to such future transactions costs if anyacquisition proposed by Reflexion Cosmetics offers significant potential upsidefor Blue Star's shareholders through equity participation. ENDS For further information: Blue Star Capital plc Tel: 020 7070 7283 Nigel Robertson, ChairmanHaresh Kanabar, Chief Executive Panmure Gordon & Co Tel: 020 7459 3600 Jonathan Retter Katherine Roe Buchanan Communications Tel: 020 7466 5000 Mark Court Elly Williamson This information is provided by RNS The company news service from the London Stock Exchange

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