Statement re Exercise of warrants

VELA TECHNOLOGIES PLC                             

                    ("Vela Technologies" or the "Company")                     

                             Exercise of warrants                              

4 November 2013

Vela Technologies plc (AIM: VELA) announces that the Company has received
notice from Peterhouse Corporate Finance Limited ("PCF") for the exercise of
warrants over 4,575,379 ordinary shares of 0.1p each in the capital of the
Company ("Ordinary Shares") at a price of 0.5p per Ordinary Share. The exercise
is in full satisfaction of a warrant instrument referred to in the Company's
CVA and investing company circular dated 21 December 2012. Application will be
made for the new Ordinary Shares, which rank pari passu with the Company's
existing issued ordinary shares, to be admitted to trading on AIM. It is
expected that Admission will become effective on 8 November 2013.

 

Following the issue, the Company has 157,088,020 Ordinary Shares in issue, each
carrying the right to one vote. The Company does not hold any Ordinary Shares
in Treasury. The above figure of 157,088,020 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules.

--ENDS--

For further information, please contact:

Vela Technologies plc                   Email: [e-mail]             
                                                                               
Non-Executive Chairman                                                         
                                                                               
Brent Fitzpatrick                                                              
                                                                               
ZAI Corporate Finance Limited, Nomad    Tel: [phone]                     
                                                                               
Peter Trevelyan-Clark/Tim Cofman/Wei                                           
Wang                                                                           
                                                                               
Peterhouse Corporate Finance Limited,   Tel: [phone]                     
Broker                                                                         
                                                                               
Eran Zucker