New Venture Company

Angle PLC 29 March 2006 For Immediate Release 29 March 2006 ANGLE plc ('ANGLE' or 'the Company') New Venture Company: InnoMatica Ltd ANGLE plc ('ANGLE'), the venture management and consulting company specialising in the commercialisation of technology, is pleased to announce the launch of its latest venture company, InnoMatica Ltd ('InnoMatica'). In accordance with ANGLE's Progeny(R) process for creating new ventures, InnoMatica has secured intellectual property that is set to revolutionise the US$1.2bn per annum global market for percussive power tools by reducing operator exposure to vibration, the principal cause of medical conditions such as Vibration White Finger (VWF). The technology has been developed over ten years by a team of leading engineers, academics from the University of Cambridge and members of the power tools industry. The scale of the vibration problem is substantial. In 2001, over 35% of employer's liability insurance claims were for Hand Arm Vibration Syndrome (HAVS), a debilitating condition caused by exposure to hand transmitted vibration. The Health and Safety Executive (HSE) estimates that there are around 300,000 sufferers of VWF, the most common form of HAVS, in the UK, with around 2 million people regularly exposed to high levels of vibration. Costs of settling a single VWF claim can exceed £200,000. Since the implementation throughout Europe of the Physical Agents (Vibration) Directive (approved by the UK Parliament as The Control of Vibration at Work Regulations, July 2005), employers have been bound to adhere to specific limits on employee exposure to vibration in the workplace. The only method of significantly reducing the vibrations generated by percussive power tools, such as road breakers, is by increasing the mass of the tool; yet practical and regulatory issues prevent the movement of such heavy tools. As a result, employers have had to either limit the time a single employee may use a tool or use deliberately underpowered tools in order to comply with the regulations. InnoMatica holds the solution to this problem in the form of its Variable Mass Technology (VMtechnologyTM). This technology reduces tool vibration to a level that allows a single operator to use a powerful percussive power tool for up to four times longer than existing products. This not only removes the need for time limits or power reduction, but also provides the operator with a much safer and easier to use tool. In accordance with ANGLE's Progeny(R) process for creating new ventures, ANGLE's plan is to build a strong commercial offering, seeking a return on its investment in the medium term. ANGLE expects to invest up to £400,000 in the Progeny(R) venture, which is presently wholly owned by ANGLE. Once InnoMatica has exercised its option to acquire the technology, ANGLE's equity stake in the Company will be 61%. ANGLE's Chief Executive, Andrew Newland, said: 'The power tools and construction industries are worth US$1.2bn per annum, and they have long awaited a solution to the injuries caused from vibration power tools. We are delighted to be at the forefront of a technology that dramatically enhances productivity, not only solving the financial and legislative issues but also addressing human safety.' Chief Technology Officer of InnoMatica, Dott. Giovanni Bisutti, said: 'InnoMatica's technology provides a genuine new standard for health, safety, productivity and operator comfort in percussive power tools. We intend to address the major legislative and productivity issues currently facing the industry.' For further information ANGLE plc +44 1483 295830 Andrew Newland, Chief Executive Stephen Bence, Director of New Ventures Buchanan Communications +44 20 7466 5000 Richard Darby, Suzanne Brocks, James Strong, Amy Rajendran 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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