2006 - Pill Protect becomes a wholly owned subsidiary of Avid Plc.

Pharmaceutical Packaging Company to reverse into AIM Cash Shell Euro Investment Fund plc

Euro Investment Fund plc (LSE: EUF) ('the Company') - the AIM-listed cash shell - has entered into an agreement to acquire the remainder of its sole investment 3 Point Blue Ltd ('3 Point Blue'), a pharmaceutical packaging company. The Company has also announced a placing of 77,333,333 new ordinary shares at 1.5p per share to raise £1.16 million before expenses.

3 Point Blue provides pharmaceutical companies with packaging and branding solutions for blister packaged drugs containing aspirin, paracetamol and more than 24mg of elemental iron, under the brand of Pill protect. After three years developing products that satisfy new UK legislation, 3 Point Blue began commercialisation of its products in September 2005, which includes orders of its products to three large pharmaceutical companies for the supply of, in aggregate 9 million blister packs per annum.

3 Point Blue's product comprises of a specially perforated paper, which covers the usual foil base on blister packs. This makes the surface harder to leverage, thus increasing the difficulty for children to access the medication whilst still being weak enough to allow access by senior citizens.

Chief Executive Jonathan Bobbett says, "Listing on the AIM market will add to our credibility in an established marketplace allowing us to pursue sales prospects in Europe with added confidence."

For further information, please contact:

Jonathan Bobbett

3 Point Blue Limited

Tel: +44 (0)1622 872022

Notes to Editors

Euro Investment Fund plc has agreed to acquire the remaining 82.5 per cent. of 3 Point Blue that it does not already own for a cash consideration of £1 million with further deferred consideration, satisfied by the issue of further new ordinary shares, payable dependent on future performance.

3 Point Blue Ltd has traded since June 1988 and operates from premises in Tunbridge Wells, Kent. The company's activities include the provision of specialist packaging services (under the business name of Pill Protect). The business activity is principally in relation to the pharmaceutical industry, which is required by legislation to comply with `Child Resistant Senior Friendly' laws in relation to certain drugs dispensed or sold in blister packs. The legislation became compulsory in the UK from October 2005.

From 2003, 3 Point has developed packaging systems which enables pharmaceutical companies to comply with the legislation on a competitive `cost per pack' basis, whilst adding marketing benefits to the current `foil' systems in use. 3 Point's systems are covered by patent applications..

Discussions continue with a number of other international companies for the supply of its products and whilst lead times can be significant the proposed directors are confident of securing substantial orders this calendar year.

Consequently, the proposed directors anticipate turnover to be at a nominal level in the current year, building progressively during 2007.

The Board of the Company is pleased to announce that it has completed its due diligence etc and has agreed terms to acquire the balance of 3 Point subject to shareholder consent.

A separate regulatory announcement was made on 26 May and an Admission Document, giving full particulars of the transaction, was posted to shareholders on 26 May.

The Admission Document which, inter alia, contains further details on the Acquisition, Placing, approval of a waiver of Rule 9 of the Takeover Code on behalf of the vendors of 3 Point Blue, change of name to Avid Holdings plc and Notice of an Extraordinary General Meeting to be convened on 19 June 2006.

If shareholders approve the resolutions at the Extraordinary General Meeting the existing directors will resign, the proposed directors (details of whom are contained later in this announcement) will be appointed to the board, the Company will change its name to Avid Holdings plc and the existing trading facility in the Company's ordinary shares will be cancelled.

Application has been made for the enlarged group to be admitted to AIM and it is expected that dealing will commence on 20 June 2006.

Details of the proposed board of Avid Holdings plc following admission are set out below:

Michael Walter (Aged 61) - Non-executive Chairman

Michael has significant experience in the development and management of international brands with over 20 years' experience as a public company director. He is currently Chairman of Powerbrand Consultants Ltd., London.

Michael was previously worldwide marketing director of Dunhill plc, responsible for the transformation of the company from a smokers' requisite to a luxury goods brand, and managing director of Aquascutum plc, a vertically integrated apparel brand. On behalf of these companies he received the Queen's award to Industry on five occasions.

Jonathan Bobbett, (Aged 44) - Chief Executive

Prior to founding 3 Point Blue in 1988 Jonathan was a group art editor for United Newspapers with direct responsibility for 13 titles. In the following 18 years Jonathan successfully built the company to the fifth largest design consultancy in the leisure sector and headed consultancy teams for Volkswagen UK, Unilever Best Foods UK, The National Trust (Enterprises) Limited and Club 18-30. Since 2003 he has been the driving force behind the development of the child resistant and senior friendly packaging business, leading the commercial and development process and taking an active part in product design and branding issues. He is the main contact with the pharmaceutical brand managers.

Jonathan Neal (Aged 44) - Finance Director

After leaving public practice in 1988 Jonathan ran the accounting services department of an International Business Centre in London before being appointed as general manager to a small Swedish owned private bank specialising in commercial property transactions. He successfully administered and wound down the loan portfolio during the troubled property market of the late 1980s and early 1990s. Jonathan founded a management consultancy practice assisting high net-worth clients appraise and administer business ventures. He joined 3 Point Blue in January 2003 where his legal expertise has been beneficial in communicating the compliance implications of new European Legislation to 3 Point Blue's customer base.

Michael Nash (Aged 63) - Non-Executive Director

Michael Nash spent 39 years with HSBC plc having originally joined Midland Bank in 1960. Much of his career concentrated on the corporate market. He held a number of senior positions in different parts of the UK latterly as Area Manager Luton, a position which gave him overall responsibility for the bank's representation in Bedfordshire and Hertfordshire and which he held for 12 years taking early retirement in 1999. He became an Associate of the Chartered Institute of Bankers in 1968. He is currently a director of Ionian Estates plc and Croatia Ventures Plc.

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