Statement re Press Comment

For immediate release:

                                                                29th July, 2005

                                 PipeHawk plc                                  

                         ('PipeHawk' or 'the Company')                         

                          Statement re. Press Comment                          

The Directors of PipeHawk have noted the recent increase in its share price and
press speculation.

The Board can confirm that it is not currently engaged in any discussions other
than in the ordinary course of business.