Admission to AIM

Surface Transforms PLC
24 September 2002


                             Surface Transforms plc

                               24 September 2002


                  Surface Transforms plc starts trading on AIM


Surface Transforms plc ('Surface Transforms' or 'The Company'), makers of carbon
ceramic friction materials, is pleased to announce the admission of its shares
to trading on the Alternative Investment Market ('AIM') from today.

The Company raised £1.3 million (excluding costs) through the issue of 1,446,757
new ordinary shares in a Placing and Offer for Subscription at 90p per ordinary
share.

Julio Faria, Managing Director of Surface Transforms, said:

'We are delighted to have achieved our main objective and to have successfully
made the move to AIM. The money raised, although not the maximum available under
the Offer, still gives us scope to continue to grow the business. Our first
priorities are the aircraft project and F1/motorsport applications. As always,
we will make sure every pound is spent wisely and will continue to run as leanly
as possible in order to get maximum benefit from shareholders' funds.'


For further information please contact:

David Levis                                                     Neil Boom
Commercial Director                                             Managing Director
Surface Transforms plc                                          Gresham PR Ltd.
01928 735 498                                                   020 7404 9000

Neil Baldwin
Brewin Dolphin Securities
0113 241 0126


Notes to editors

Surface Transforms is developing and manufacturing a new generation of carbon
fibre reinforced ceramic (CFRC) materials for use in brake, clutch and other
non-friction applications. The materials are characterised by their ability to
withstand very high temperatures (up to 2000 deg C) whilst being lightweight (up
to 70% lighter than steel), and have applications in a number of markets
including aircraft, Formula 1, high-speed rail, road cars and heavy goods
vehicles.

New markets for the material continue to be explored, including non-friction
market applications such as those now being developed for BAE Systems.

Formed in 1999, the origins of the company date back to 1992 when the business
was founded in order to exploit new patents relating to materials and processes
obtained from ICI Plc. The business soon became involved in a DTI sponsored LINK
programme for the development of a novel low cost manufacturing process for
carbon composite brakes for very high speed trains.

In 2002, the company began supplying test pieces to BAE Systems for a
non-friction application. Initial results from test results have been highly
encouraging, and further testing has now been commissioned.


                      This information is provided by RNS
            The company news service from the London Stock Exchange