Innovative Software Direct plc
LSE : ISDP

March 30, 2010 08:10 ET

Issue of Shares

30 March 2010


                                  INNOVATIVE SOFTWARE DIRECT PLC
                                                 
                                     (the "Company" or "ISD")
                                                 
                                                 
                                          Issue of Shares


The Directors of Innovative Software Direct Plc announce the following:

On  4  March 2010, the Board were advised that on that date N Isaacs disposed of 625,000  Ordinary
Shares  in the Company. On 26 March 2010, she also exercised 333,333 Warrants, at the subscription
price  of 1p per share and disposed of a further 610,000 Ordinary Shares. In addition on 24  March
2010, 50,000 warrants were exercised by a warrant holder at a subscription price of 1p per share.

As  a  result of these transactions 383,333 New Ordinary Shares were issued. Total shares in issue
are now 15,782,946 Ordinary Shares of 1p each.


As a result of these transactions, directors' and substantial shareholdings have changed:

Barry Hersh' shareholding is as follows:


                                                                         No.  Shares     % holding
Barry Hersh*                                                               1,235,602         7.83%
Simon Hersh                                                                  285,000         1.81%
Total                                                                      1,520,602         9.64%

*995,602  of  these shares are held legally and beneficially.  240,000 shares  are  held  by  WTTR
Holdings, a company owned and controlled by Barry Hersh.

Total directors' holdings are 1,545,602 Ordinary Shares (9.79%).


Substantial Shareholdings are detailed below:


                                                                         No.  Shares     % holding
N Isaacs*1                                                                   924,999         5.86%
Polemanda Limited*1                                                          640,000         4.06%
A Isaacs*1                                                                    55,000         0.35%


*1 These parties are related by virtue of M Isaacs who is the husband of N Isaacs, the father of A
Isaacs and who has an interest in Polemanda Limited. Total holding is 1,619,999 (10.27%).



The Directors of the Company accept responsibility for this announcement.



                                            ---ENDS---

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