Contract Extension

Angle PLC 24 January 2006 For Immediate Release 24 January 2006 ANGLE plc Contract Extension: Innovation Support Project with the London Development Agency ANGLE plc, the venture management and consulting company specialising in the commercialisation of technology is pleased to announce that it has won a continuation of the SME Innovation Support Project with the London Development Agency for a further two years. The project extension has a total contract value of £2.2 million, of which £800,000 is ANGLE fees with the balance being grants to companies and project expenditure. The contract extension runs from January 2006 for 27 months. The extension of the SME Innovation Support Project, which is part-funded by the European Regional Development Fund, builds on the successful delivery of consulting work provided by ANGLE to over 50 SME organisations. The aim is now to work with over 150 companies to generate over 50 products, stimulating innovation within the London Objective area by providing easier access to expertise, particularly from London's universities and research institutions. The Innovation Support Project also addresses local needs by increasing competitiveness of SMEs through improved innovation and technology assistance. Specifically, it aims to: • Raise understanding of innovation and the benefits it can bring to a business; • Help SMEs to identify innovation needs and opportunities; • Facilitate links to sources of innovation and knowledge and support the transfer and exploitation of knowledge; • Provide small scale grant funding to encourage SMEs to implement and exploit identified knowledge and innovation opportunities; • Encourage collaborative innovation and technology transfer between academic and research institutions and business; • Build on the success of the current project to develop a pan-London delivery model. Andrew Newland, Chief Executive of ANGLE plc said: 'We are delighted to have been awarded this significant contract extension, which highlights the success that we are presently experiencing in our UK consulting business and strengthens our platform for ventures activity.' For further information ANGLE plc +44 1483 295830 Andrew Newland, Chief Executive Ian Griffiths, Finance Director Buchanan Communications +44 20 7466 5000 Richard Darby, Suzanne Brocks, James Strong Note to editors: About ANGLE Founded in 1994, ANGLE is an international venture management and consulting company focusing on the commercialisation of technology and the development of technology-based industry. ANGLE creates, develops and advises technology businesses on its own behalf and for its clients. ANGLE operates from offices in the UK, the US and the Middle East. ANGLE is listed on AIM (AGL.L); further information can be found at www.angleplc.com This information is provided by RNS The company news service from the London Stock Exchange

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