Notice to Warrant Holders

Surface Transforms PLC
01 December 2003


1 December 2003

Notice to holders of Surface Transforms Offer Warrants and allotment of new
shares

The Company announces that it has allotted 52,000 new ordinary shares following
the exercise of Financial Arranger Warrants at a price of 50p per share.
Application has been for these shares to be admitted to trading on the London
Stock Exchange's Alternative Investment Market and Admission is expected on 5
December.

Following this allotment there remain 146,770 Offer Warrants which are
exercisable into Ordinary Shares at a price of 70 pence per share if warrant
holders complete and submit their applications before 4 December 2003. These
Offer Warrants were issued to shareholders who subscribed to shares in the
Initial Public Offer on Ofex in December 2000.

To take advantage of the 70 pence conversion rate, warrant holders will need to
send a Warrant Certificate and a cheque for the correct amount to the Company's
registrar, Capita IRG, Bourne House, 34 Beckenham Road, Beckenham, Kent, BR3 4YU
which must arrive before 4 December 2003 for exercise at 70 pence per warrant.
Warrants holders seeking advice on the mechanism for exercising their Offer
Warrants should please contact Surface Transforms's head office.

Details of the Company's business and financial performance, its share price
history and the latest published commercial news can be found both on
www.armshare.com which can be reached by  www.surface-transforms.com. Analyst
reviews of the Company are available on AmReview on the armshare.com website.

Enquiries, please contact:

Julio Faria                                    Neil Boom
Managing Director                              Managing Director
Surface Transforms plc                         Gresham PR Ltd.
01928 735 498                                  020 7404 9000


Neil Baldwin
Brewin Dolphin Securities
0113 241 0126







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