EGM Statement

PipeHawk PLC
19 September 2002


PIPEHAWK PLC ('PipeHawk' or the 'Company')

Result of Extraordinary General Meeting

The directors of the Company are pleased to announce that at the Extraordinary
General Meeting held today, the resolution was passed.  Accordingly the
1,779,500 new ordinary shares of 1p each which were the subject of the placing
at 25p detailed in the announcement dated 28 August 2002 have now been issued
and allotted.  Dealings are expected to commence on AIM on 20 September 2002.

Contacts:

Mike Bushell, Managing Director PipeHawk plc               01420 590990
Graeme Thom, Grant Thornton Corporate Finance              020 7383 5100
John Finn or Sam Smith, JM Finn & Co                       020 7860 6352


19 September 2002


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