Pre-close update

Angle PLC
09 May 2008


ANGLE plc ('ANGLE' or the 'Company' or the 'Group')


Pre-close update


09 May 2008



The Board of ANGLE is pleased to provide the following pre-close update ahead of
its preliminary results for the year ended 30 April 2008.


The Company's interim results for the six months ended 31 October 2007,
announced on 31 January 2008, illustrated that ANGLE made significant further
progress in the first half of the year.  The Group moved into profitability for
the period, fair value of the investment portfolio on the balance sheet
increased and the management services business moved back into profitability for
the period.


A strong outcome for the year as a whole is now expected with EBITDA before
expenditure on controlled investments in line with management expectations.


In line with the Group strategy, ongoing investment in portfolio companies
continues to be controlled with third party investors brought in to manage risk
and maximise ANGLE shareholder value.  ANGLE's cash position at the year end is
now expected to be substantially ahead of management expectations.


The Board believes that there is substantial value to be realised from ANGLE's
portfolio companies.  In the last two years, the Group has been able to announce
significant progress within its portfolio companies at each set of half year and
full year results.  The Board once again looks forward to being able to update
shareholders on further developments when the Group announces its 2008
preliminary results on 10 July 2008.


On 7 April 2008, ANGLE confirmed that it had received an approach which may or
may not lead to an offer being made for the Company. The Board confirms that
discussions continue with the party concerned on a non-exclusive basis. A
further announcement will be made as and when appropriate.




Enquiries:

  ANGLE plc                                                  01483 295830
  Andrew Newland, Chief Executive
  Ian Griffiths, Finance Director


  Collin Stewart Europe Limited                              0207 523 8350
  Mark Connelly, Stewart Wallace

  Scott Harris                                               0207 653 0030
  Stephen Scott, James O'Shaughnessy, Harry Dee

  Buchanan Communications                                    0207 466 5000
  Richard Darby, Suzanne Brocks, James Strong



Notes to Editors

Founded in 1994, ANGLE is an international venture management 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 is quoted on AIM (AGL.L); further information
can be found on www.ANGLEplc.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange