Placing & Acquisition

Pentagon Protection PLC
17 November 2003


                                                               17 November 2003



                            Pentagon Protection plc

                    Proposed Acquisition of FilmTek Limited
            Placing of 21,000,000 Shares at 4.75p to raise £997,500
                       Appointment of new Chief Executive

Pentagon Protection plc ('Pentagon ' or the 'Company'), the AIM listed
manufacturer of innovative glass related products for the automotive sector,
announces that it is has conditionally agreed to acquire the entire issued share
capital of FilmTek Limited ('FilmTek') for initial consideration of £1,500,000.
Consideration for the acquisition will be satisfied as to £750,000 in cash,
financed by a placing of 21,000,000 New Ordinary Shares at 4.75p to raise
£997,500 (before expenses), and by the issue of 15,789,474 New Ordinary Shares
in Pentagon to the vendors. In addition, deferred consideration of up to a
maximum of £1,000,000 may also be payable over the next three years, depending
on FilmTek's profits in the years ended 30 April 2004, 2005 and 2006. This will
be satisfied by a combination of cash and new ordinary shares in Pentagon.

FilmTek is a leading specialist in the advancement and installation of safety,
security and solar window film on buildings. In the year ended 30 April 2003,
FilmTek had turnover of £2.19 million and a profit before tax of £62,000 after a
non-recurring payment of £225,000 to an employee benefit trust. The current
order book value is in excess of £400,000 with new clients that include Dixons,
Debenhams, Boots and Pilkington. Major clients include Singapore Airport,
Eurostar at Waterloo Station, Marks & Spencer and BBC Worldwide Limited.

This will be Pentagon's first acquisition since its AIM flotation in April 2003,
when it raised £500,000 net of expenses.

The Directors believe that the benefits of the acquisition will be to:

   •significantly broaden the international market for Pentagon's SupaGlass;

   •add substantial flat-glass expertise to the Company's automotive glass
    skills;

   •strengthen the management team with Graham Bannerman to become Pentagon's
    CEO and;

   •enable Geoffrey Russell, currently Managing Director, to become Group
    Technical Director, focusing on R&D and worldwide licensing of the Group's
    products.

The placing and acquisition of FilmTek are conditional on the approval of
Pentagon's shareholders, which is to be sought at an EGM of the Company to be
held on 11 December 2003. A circular containing full details of the placing and
acquisition will today be sent to shareholders.

Commenting, David Thomas, Chairman of Pentagon said:

'This is an excellent acquisition for Pentagon which should appeal to our
investors. It adds critical mass and significant value and enables Pentagon to
diversify beyond its current markets.

Since Pentagon Protection's AIM debut in April 2003, our strategy has been to
grow organically and to actively consider strategically robust acquisitions. The
Company's national Volkswagen contract gain in September 2003, quickly followed
by this capability enhancing acquisition, will help deliver Pentagon's strategic
aim of becoming a global leader in the development and supply of innovative
glass related products to the automotive and commercial building sectors.'

Pentagon was advised by Seymour Pierce in relation to the acquisition of
FilmTek. The placing was undertaken by Seymour Pierce Ellis.

For further information contact:

Pentagon Protection plc                     Binns & Co PR Ltd
David Thomas, Chairman                      Emma McCaffrey
Tel: [phone]                        Peter Binns
www.PentagonGlassTech.com                   Sam Allen
                                            020 7786 9600


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