AGM Statement

ADVANCED SMARTCARD TECHNOLOGIES PLC

                                         AGM STATEMENT

28 February 2007

Advanced Smartcard Technologies plc (RIC: SMRT/L, the "Company"), the Scottish based software group specialising in
smartcard technology, is today holding its Annual General Meeting (the "AGM"). At the AGM, David Braddock, Chief
Executive, will update shareholders on trading and performance as follows:

"I am pleased to report that we are making good progress in building solid foundations which will lead to excellent
business opportunities being won this year and beyond.  We are focusing attention on winning large contracts and
building strategic channels that last for several years, such as the recently announced agreement with Hitachi Limited."

"We are at various stages of discussion, some well advanced, with a number of large prospective customers and strategic
partners in several different markets and on a global basis.  The highlights are as follows:

·  We are at an advanced stage with a variety of strategic partners that should result in our technology being
incorporated into larger solutions that will be bid into a variety of markets around the World.  This includes national
ID cards and global payment cards.

·  We are already well placed in the UK transport market and are beginning to move forward quickly with rail transport
organisations. We believe that the size of the UK transport market will be larger than originally anticipated due to a
greater number of distribution channels.

·  We see great potential in the use of smartcards in the medical market and have made significant progress in developing
this market.

·  We see great potential in the use of our technology in linking transport ticketing with payment, including the use of
mobile phones as a "smart" device as opposed to a conventional smartcard. We are developing these opportunities and
expect them to provide a good level of business over the coming years.

·  We continue to progress our initiatives in local government.

"These developments give us great reason to be optimistic about the Company's prospects. The opportunities that we are
actively pursuing are large and complex and therefore inevitably have longer lead times. Consequently we expect that
some of the benefits will fall into later years and so the current year's performance will be lower than current market
expectations however looking forward larger long-term contracts will give Advanced Smartcard greater stability and
growth potential in the long-run."


For further information contact:

Advanced Smartcard Technologies plc     01355 813430
David Braddock, Managing Director
Stephen Naylor, Finance Director

SVS Securities plc                      020 7638 5600
Ian Callaway
Peter Manfield

ARM Corporate Finance Limited           020 7512 0191

Nick Harriss

NOTES TO EDITORS

About Advanced Smartcard Technologies plc

Advanced Smartcard Technologies plc, through its wholly owned subsidiary Ecebs Limited, is a profit making, software
company operating in the dynamic and expanding smartcard arena. SMRT listed on AIM in December 2005. The Company
provides smartcard technology to a wide range of user markets including transport, ID, healthcare, finance and local and
national government departments and blue-chip companies.