Update on funding

Sarantel Group PLC 18 May 2007 18 May 2007 Sarantel Group PLC ('Sarantel' or the 'Company') Update on funding The Board of Sarantel is pleased to announce that further to its announcement of 3 May that it is seeking further funds, its principal shareholders, Foresight Venture Partners and MTI Partners, have confirmed their support. Discussions are progressing on an equity fundraising to meet ongoing working capital needs. A further announcement will be made in due course. For further information please contact: Sarantel Group PLC Geoff Shingles, Chairman Tel: 01933 670 560 David Wither, Chief Executive College Hill Carl Franklin / Ben Way Tel: 020 7457 2020 Ambrian Partners Tim Goodman Tel: 020 7776 6421 About Sarantel Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications including hand-held navigation, satellite radio and laptop computers. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative high-volume consumer products incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio and Bluetooth. More information about the company is available at www.sarantel.com This information is provided by RNS The company news service from the London Stock Exchange
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