Variation to Terms of Application Licence

Transense Technologies PLC
15 February 2000

VARIATION TO TERMS OF APPLICATION LICENCE; SECONDARY PLACING OF SHARES

On 21st June 1999, the Company announced that it had agreed to enter into a
licensing arrangement with Canadian-based SmarTire Systems, Inc,
('SmarTire')(NASDAQ: 'SMTR').
This licence covered the use by SmarTire in future tyre pressure monitoring
systems of the Company's unique surface acoustic wave pressure-sensing
technology, and was described in greater detail in a prospectus issued by the
Company on 29th November 1999. The licence was non-exclusive to SmarTire,
although provision was included in the licence agreement for it to become
exclusive under certain circumstances. The financial terms of the licence
included the issue by each party of its own shares to the other.

Under a variation to the terms of the licence dated 30th September 1999, which
has today been agreed, the continuing , non-exclusive nature of the application
licence is assured. In connection with the variation to the original licence
contract, Astaire & Partners Limited has arranged the placing with institutional
investors of 250,000 ten pence ordinary shares of the Company subscribed to by
SmarTire pursuant to the licence.

Commenting on the licensing agreement, Chief Executive James Perry said, 'We
continue to work closely with SmarTire, as it develops a new generation of tyre
pressure monitoring systems incorporating the Transense sensor technology.'

By Order of the Board

Enquiries:   Clerkenwell Communications
             John Coyle                  020 7713 0900

             Transense Technologies Plc
             James A. H. Perry           01869 238 030