Change of Website Address

VELA TECHNOLOGIES PLC                             
                    ("Vela Technologies" or the "Company")                     

                           Change of Website Address                           

Vela Technologies plc is pleased to announce that the Company has changed its
website address to http://www.velatechplc.com/. 

Vela Technologies plc is a UK incorporated investment Company looking to
acquire and consolidate holdings in Small and Medium sized Enterprises (SME's)
which are active in the development of emergent technologies, hi-tech
engineering and scientific advances to expedite company growth and expansion.
As a result of the recent global financial crisis, and the ongoing period of
financial austerity, companies have become increasingly reliant on such
advances to improve profitability or efficiency. These technologies are
applicable across a wide range of sectors including anything from Oil & Gas E&
P, eCommerce to Aviation. Early acquisition of such innovative technologies
should provide the opportunity to optimise returns for Shareholders.

                                   --ENDS--                                    

FOR FURTHER INFORMATION, PLEASE CONTACT

                                                              
                                                              
Vela Technologies plc                                         
                                                              
Brent Fitzpatrick              Email: [e-mail]     
Non-Executive Director                                        
                                                              
ZAI Corporate Finance Limited                                                             
John Depasquale /John Treacy   Tel: [phone]             
                                                              
Peterhouse Corporate Finance Limited                                   
Eran Zucker                    Tel: [phone]