EGM Statement

PipeHawk PLC
08 May 2003



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 special resolution in connection with a proposed
increase of the authorised share capital of the Company and associated changes
to the authorities given to the Directors to issue shares under section 80 and
89 of the Companies Act 1985 was passed.



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

8 May 2003


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