Suspension

TMT Group PLC 19 August 2005 TMT Group plc ('TMT' or the 'Company') The Company today announces it has made a commitment of Euro 375,000 to Mobile Tornado International Limited ('Mobile Tornado') as part of a proposed Euro 2.8 million fundraising by Mobile Tornado through the issue of redeemable loan stock ('Loan Stock'). Mobile Tornado's 'push to talk' technology enables a mobile phone to be used as a walkie-talkie. The technology has been licensed to a number of mobile operators around the world and is the first in a series of ' push to' services helping drive growth in mobile data services. The Loan Stock, which is unsecured, carries interest of 20 per cent per annum and is convertible into ordinary shares of Mobile Tornado, inter alia, immediately prior to the acquisition of the issued and to be issued share capital of Mobile Tornado. TMT is also pleased to announce that in conjunction with this commitment it has entered into non binding heads of agreement setting out the proposed terms for the acquisition of Mobile Tornado by it (the 'Proposed Acquisition'). TMT has also been granted an exclusivity period of 90 days from 19 August 2005 during which to conduct the acquisition process. The Proposed Acquisition, which will constitute a reverse takeover under the AIM Rules, is conditional, inter alia, on satisfactory due diligence being undertaken on Mobile Tornado, the approval of TMT's shareholders in general meeting, the negotiation and execution of formal legally binding documentation setting out the terms of the transaction and admission of the enlarged entity to trading on AIM. Consequently the Company's ordinary shares will be suspended from trading on AIM pending confirmation that the Company will proceed with the Proposed Acquisition and publication of an admission document in respect of the proposed enlarged entity, detailing the terms of the Proposed Acquisition. Contacts: Chris Akers, Chairman, TMT: 0207 399 4250 John Swingewood, Executive Chairman, Mobile Tornado 0208 104 1994, John Prior, Corporate Synergy Plc: 0207 448 4400 This information is provided by RNS The company news service from the London Stock Exchange
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