Award of Govt Grant Funding

Aortech International PLC
24 January 2006


For Immediate Release                                            24 January 2006

                           AorTech International plc

                          ('AorTech' or 'the Company')

              AorTech Awarded Australian Government Grant Funding

AorTech International has been awarded grant funding from various Australian
Government Agencies to support its investment in R&D activities and
infrastructure. The anticipated total grant for the first half of 2006 is
approximately $1 million AUD (approx. £422,000). It is AorTech's intention to
move the headquarters of its Australian Operations to an expanded facility in
Melbourne.

This funding support has been obtained from these government grant schemes which
have been established to support the investment in R&D, infrastructure and
growth of high-tech businesses in Australia. The company expects the bulk of the
remaining funds will be received later this quarter with the balance expected in
Q2, subject to AorTech's completion of milestones for funding.

The biotech industry is a vibrant and growing sector of the Australian economy,
underpinned by world-leading research and clinical facilities, and strong
government commitment. This environment is well aligned with the next phases of
expansion of AorTech's business.

For further information please contact:

AorTech International plc
Frank Maguire, Chief Executive                      00 1 801 201 4336

Buchanan Communications                             020 7466 5000
Ben Willey, Rebecca Skye Dietrich

Visit AorTech's website at: www.aortech.com



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