Lifting of Suspension, Placing & Appointmen...

Vela Technologies plc                             
                    ("Vela Technologies" or the "Company")                     
          Lifting of Suspension, Placing and Appointment of Director           

               Lifting of Suspension, Resumption of Trading  
               
Further to the announcement on 13 August 2012 when trading in the Company's
shares was suspended, the directors of Vela Technologies are pleased to
announce that trading on AIM for the above-mentioned securities will resume
from 8.00 am on 25 January 2013. Shares of Vela Technologies will now be
identified under the following codes.

ISIN           - GB00B7D7F340
SEDOL          - B7D7F34
TICKER         - VELA

                                  The Placing                                  

On 24th December 2012, the Company announced that "Peterhouse Corporate Finance
Limited has placed 67,400,000 new Ordinary Shares (the "Placing Shares") at a
price of 0.5 pence (the "Placing Price") raising £337,000 before expenses (the
"Placing").

Adrian Moss and Spratt Ebako, employees of the Company, agreed to subscribe to
7,400,000 Placing Shares amounting to £37,000 at the Placing Price. Settlement
of these 7,400,000 Placing Shares will be delayed until completion of the CVA."

Application has been made to the London Stock Exchange for the 60,000,000
Placing shares to be admitted to trading on AIM. It is expected that the
admission will become effective and that trading in the new Shares will
commence on 25th January 2013 ("Admission"). The Company will make an
additional announcement regarding the issue of the remaining 7,400,000 shares
in due course.

                           Appointment to the Board                            

Vela Technologies is pleased to announce the appointment of Antony Jon Laiker
as Director of the Company with immediate effect.

Antony, aged 51, is a stockbroker at First Equity Limited and has been active
as an advisor and early-stage investor in numerous companies undergoing
reorganisation.

Antony is currently a director of Widdington Limited and Squosh Limited.

No further information is required for disclosure in respect of Rule 17 or
Schedule 2 paragraph (g) of the AIM Rules for Companies.

                                  --ENDS--

FOR FURTHER INFORMATION, PLEASE CONTACT
                                                            
Vela Technologies plc                                         
                                                              
Brent Fitzpatrick              Email: [e-mail]     
Non-Executive Director                                        
                                                              
ZAI Corporate Finance Limited                                                                     
John Depasquale /John Treacy   Tel: [phone]             
                                                              
Peterhouse Corporate Finance Limited                                                       
Eran Zucker                    Tel: [phone]