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Danka Announces Issuance Of Participating Shares

Press release from the issuing company

St. Petersburg, Florida, May 16, 2001 - Danka Business Systems PLC (NASDAQ: DANKY) announced today that it has issued an aggregate of 3,820 new 6.50% senior convertible participating shares of $1.00 each to the existing participating shareholders of the Company in satisfaction of the payment-in-kind dividend due on Danka's participating shares for the period ended May 14, 2001. Danka, headquartered in London, England, and St. Petersburg, Florida, is one of the world's largest independent suppliers of office imaging equipment, supplies and services. Danka provides office products and services globally in 29 countries around the world. Danka's Ordinary Shares are listed on the London Stock Exchange and its ADSs are listed on NASDAQ. For additional information about Danka's copier, printer and other office imaging products, please visit the Company's web site at www.danka.com.

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