Results of Placing

Advanced Smartcard Technologies plc
17 March 2006

                    ADVANCED SMARTCARD TECHNOLOGIES ANNOUNCES
                             SUCCESSFUL FUND RAISING
                            AS EXPANSION GATHERS PACE

Advanced Smartcard Technologies plc, ("SMRT") the Scottish based software group
specialising in smartcard technology, is pleased to announce that it has raised
£848,990 by way of a placing of 28,299,666 new shares in the company at 3 pence
per share. The Placing was oversubscribed.

The new shares represent approximately 14.3 per cent of the Company's issued
share capital prior to the placing. The new shares will be admitted on 22 March
2006.

The proceeds of the placing will provide additional financial resources to
further support the Company's expansion as it continues to enhance product 
offerings and develop sales outlets for its smartcard software products.

Background

The business was founded in 2000 and, since then, it has provided
smartcard-based technology into a wide variety of applications. Advanced
Smartcard Technologies has developed its own Multefile(TM) technology which is 
set to radically improve how smartcards are deployed and used and, bring real
benefit for smartcard issuers and users.

The Company's Multefile(TM) software operates the smartcard chip as well as the
software on terminals and the interfaces to other computer systems. Applications
of smartcard technology include a wide range of user markets such as transport,
ID, healthcare, finance and local and national government departments and
blue-chip companies.

Multefile(TM) enables card issuers to design, implement and change one or more
applications themselves. It allows for cards to be updated and corrected after
they have been issued, simply and efficiently. It ends the need to withdraw and
re-issue smartcards even when significant changes need to be made, and it is not
limited to any particular type, or combination, of smartcard applications.


Reasons for the Placing

Since its Admission to AIM, the Company has made good progress in raising
awareness of its software products to a number of both private sector and public
sector customers who are operating smartcard based systems. As a direct result
there are a number of major potential customers who have indicated that Advanced
Smartcard Technologies' Multefile(TM) software is likely to be their preferred
choice to integrate into their systems. The proceeds from the placing will
enable the Company to invest in the development of its ability to be able to
take advantage of these new opportunities.

Since the start of the year, the three main markets where the Company's
smartcard software is making significant progress is in combating
counterfeiting, biometric security systems and using smartcard systems as part
of medical records management. Anti-counterfeiting is a new market for the
Company and they have now penetrated considerably further into the latter two
areas. The current funding will allow the Company to exploit these markets more
fully.

In the aspect of the fight against counterfeiting, the Company was contracted by
ITI Techmedia in late 2005 to undertake research into various aspects of
machine-readable security tags.

The ITI Techmedia programme, launched publicly in April 2005, aims to develop a
technology platform for the encoding, writing and detection of machine-readable
security tags, controlled by an end-to-end Trust Management System. The
objective is to develop a system that will provide varying degrees of product
security and allow solutions to be offered to the market at a price commensurate
with the product being protected.

Independent figures on the current value of the market for counterfeit goods
estimate it to have reached US$ 700 billion worldwide, and with this number only
expected to grow, brand owners are actively seeking ways to defend their
products. Smartcard based technology will be used in the fight for global brand
protection. The tags can be attached to goods - anything from CDs, DVDs,
perfumes, pharmaceutical supplies and designer clothing to engineering
components.

David Braddock, Managing Director of Advanced Smartcard Technologies said:

"Since we came to the market in December, we have made encouraging progress in
promoting our software products to a number of customers. We have already
secured additional orders in our priority markets and the strengthening demand
is substantiating our market proposition. We have also been recognised as
achieving a number of milestones in the integrity and security of our software.
This is an extremely important step in helping us to add to our reputation with
potential customers.

" I am delighted with the reception we have enjoyed from investors. We have
worked hard to attract a balance of both national and local investors. Looking
forward, we have a bright future. I am confident that we will continue to report
further firm orders for our Multefile(TM) smartcard products. We have a number 
of positive initiatives in the pipeline and we look forward to updating
shareholders on our continued progress soon."

SVS Securities is acting as Corporate Broker to the Company, ARM Corporate
Finance is the Nominated Adviser.

                                     -ends-


Date: 17 March 2006

For further information contact:

Advanced Smartcard Technologies plc                       01355 268521
David Braddock, Managing Director
Stephen Naylor, Finance Director

SVS Securities                                            020 7638 5600
Ian Callaway
Peter Manfield

cityPROFILE                                               020 7448 3244
Simon Courtenay

ARM Corporate Finance                                     020 7512 0191
Nick Harris

NOTES TO EDITORS


About Advanced Smartcard Technologies plc ("SMRT", "The Company")


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, finance and local and national government departments
and blue-chip companies.



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