Issue of Equity

Software Radio Technology plc ("SRT" or the "Company")             

                                Issue of Equity                                

The Directors of SRT announce that they have issued and allotted 168,835 new
ordinary shares of 0.1p each in the Company as a result of the receipt of
notices of conversion of warrants in the Company.

Following the issue of the new shares, there are 78,255,917 ordinary shares of
0.1p of SRT in issue with each share carrying the right to one vote. There are
11,354,015 warrants to subscribe for ordinary shares in issue.

Application will be made for the new shares to be admitted to AIM. It is
expected that admission will occur on 10 January 2007.

Enquiries:

Software Radio Technology plc                                      01761 409500
                                                                               
Matthew Rogers                                                                 
                                                                               
Hanson Westhouse Limited                                          0113 246 2610
                                                                               
Tim Feather / Matthew Johnson