New Agreement

Angle PLC 20 January 2005 For Immediate Release 20 January 2005 ANGLE plc ANGLE signs Agreement with Ben Franklin Technology Partners to advance the growth of Technology Companies in Pennsylvania ANGLE plc, a leading international venture management and consulting company focusing on technology commercialisation today announced that it has signed a Memorandum of Understanding (MOU) with Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP), an internationally recognised economic development organisation, to advance the growth of technology-based companies in the Greater Philadelphia region. Under the terms of the MOU, it is contemplated that ANGLE will commit no less than $5 million over five years for funding new technology spin-outs that meet its Progeny(R) requirements. This funding will be matched by BFTP/SEP - thus doubling the leverage on ANGLE funds for creating ventures and similarly leveraging BFTP/SEP's economic development funds. The Greater Philadelphia region is home to many of the world's most renowned academic institutions including the University of Pennsylvania - one of the leading research universities in the United States. Collectively, the region's academic institutions attract more than $1 billion of research funding per annum, generating more than 200 patent applications per year. The region is well recognised as a global leader in the bio-pharma and medical research arena. As part of the MOU, ANGLE will serve as BFTP/SEP's preferred commercialisation partner for technologies from universities, colleges and related institutions in the region, and become a corporate member of the Nanotechnology Institute, an internationally recognised alliance of business, academia and government that is facilitating the research and development and commercialisation of bio/nano advances. Commenting on the joint venture, Dr. Gary Evans, CEO of ANGLE's U.S. business operations said, 'Our MOU and partnership with BFTP/SEP provides a unique opportunity both to extend our base of operation in the U.S. Mid-Atlantic region and to complement an already robust technology commercialisation community. In addition to its formidable research capabilities, and its pre-eminent pharmaceutical industry, the region is highly regarded for developing new cutting edge research-to-commercialisation models around nanotechnology and bio/ nanotechnology.' 'The ANGLE MOU is indicative of the synergy that occurs when distinct entities share a common goal. It addresses critical management and capital needs at the earliest points in the commercialisation of new discoveries - just past translational research to pre-seed, including pre-proof of concept, pre-prototype, pre-science/management team, pre-company formation. Like technology, this cross-Atlantic partnership has the potential to have a significant global impact,' said RoseAnn B. Rosenthal, president and CEO of BFTP /SEP. Andrew Newland, Chief Executive of ANGLE plc said, 'This is a major development of our Ventures business in the U.S. It demonstrates the success of our business model and the leverage we generate between our Consulting and Ventures businesses. Our relationship with BFTP/SEP has developed from successful consulting work in Pennsylvania for Ben Franklin and others, including the development of the strategy for nanotechnology in the Commonwealth of Pennsylvania. We look forward to developing world-class ventures as a result of this expanded partnership.' Notes to Editors: 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 plc floated on the Alternative Investment Market of the London Stock Exchange on 17 March 2004. About Ben Franklin Technology Partners of Southeastern Pennsylvania Since 1982, Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/ SEP) has helped grow the region through science, technology and entrepreneurship. BFTP/SEP provides entrepreneurs and established businesses the capital, talent, and expertise they need to compete in the global marketplace. Like its namesake, Ben Franklin invests in, builds upon and delivers solutions that grow communities and create wealth by supporting today's technological ideas and tomorrow's scientific discovery. For further information: ANGLE plc 01483 295830 Andrew Newland, Chief Executive Dawson Buck, Deputy Chief Executive Buchanan Communications 020 7466 5000 Richard Darby, Suzanne Brocks This information is provided by RNS The company news service from the London Stock Exchange

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