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