Share placing

Amino Technologies PLC
21 April 2005




FOR IMMEDIATE RELEASE                                            21 April 2005


                        AMINO TECHNOLOGIES PLC


            PLACING OF NEW ORDINARY SHARES TO RAISE £15.27M


Amino Technologies plc ('Amino' or 'the Company'; stock code: AMO), the
Cambridge based broadband network software and systems company, announces that
it has conditionally placed 7,200,000 new Ordinary Shares of 1p each at a price
of 220 pence per share.  Once completed, this placing will raise approximately
£15.27 million (net of expenses).  In addition, new banking facilities of up to
£10 million are in the process of being finalised.


BACKGROUND TO AND REASONS FOR THE PLACING AND NEW BANKING FACILITIES

Amino progress

During the past 18 months, Amino has successfully established itself as a
market-leading supplier of set-top box technologies which enable
telecommunications companies ('telcos') to deliver internet protocol TV ('IPTV')
services including video-on-demand, interactive TV and scheduled TV services
over broadband networks.

Amino delivered a strong commercial and financial performance in the 11-month
financial period to 30 November 2004:

• AmiNET set top box volume shipments of 174,000 (2003: 11,500);

• 13-fold growth in revenue to £13.2 million (2003: £1.0 million); and

• Operating profit before tax and exceptional items of £0.5 million
  (2003: loss of £3.4 million).

Amino has established a global reach having recently added local sales presence
across the USA, and is in the process of doing so in Singapore and China,
complementing the existing offices in Cambridge, Atlanta and Hong Kong.  The
group headcount is 84.

In recent months, Amino has continued to make strong progress in winning new
customers with further increases in the number of field trials and volume
deployments:

• Significant new field trials (typically 500 to 1,000 units) have been
  established in India, Brazil, China, Spain, Netherlands and Russia.

• New volume deployments (single orders greater than 1,000 units) have
  commenced in Russia, Hong Kong, Thailand, Ireland and Japan.

Meanwhile, the development of partnerships with leading systems integrators has
continued and now includes many of the leading participants in the IPTV market.
Amino continues to invest heavily in new product development, and recent new
product launches include the AmiNET 120 - a high definition TV set top box and
associated software.

Market development

There is now firm evidence that the consumer is prepared to pay for the services
and functionality provided by IPTV. This is generating increasing interest and
activity in the market generally, but is being seen most markedly within 'Tier
2' telcos (telcos having over 1 million phone subscribers).  'Tier 1' telcos
(over 10 million phone subscribers) have made public statements of commitment to
IPTV, but are largely still in the system evaluation and testing phase - a
reflection of the size of any potential investment they might make in rolling
out such services.  Currently, the bigger IPTV deployments are taking place in
the Far East and Eastern Europe, followed by the Americas; this is reflected in
Amino's recent commercial progress.

Increase in working capital base

As the IPTV market is growing more strongly than previously expected, with
increasing activity by larger systems integrators and telcos, Amino now needs to
increase its working capital base to enable it to take advantage of the
increased opportunities for growth.

At the time of Amino's Admission to Aim in June 2004, £6.31 million (net of
expenses) was raised. The placing announced today will raise a further £15.27
million (net of expenses).  In addition, new banking facilities of up to £10
million are in the process of being finalised.  The Board considers that this
increased availability of working capital will be sufficient for Amino to
continue to take advantage of the opportunities available to it, taking
particular regard of potential shipment volumes and the demands placed on the
Company when dealing with large organisations such as Tier 1 telcos and global
system integrators.


Grant Masom, Amino's Chairman stated:

'When Amino floated on AIM in June last year, we intentionally raised only a
modest amount of new capital.  Since then, Amino has demonstrated its ability to
develop into a company capable of serving a rapidly growing global market.  The
growth in the IPTV market is still accelerating with an increasing interest from
the larger telcos.  The additional working capital now being raised will enable
Amino to capitalise on its market leading position.'

DETAILS OF THE PLACING

The Company is proposing to raise approximately £15.84 million, before expenses,
by the issue of 7,200,000 new Ordinary Shares at 220 pence per share. Pursuant
to the terms of the Placing Agreement, KBC Peel Hunt, as agent for Amino, has
agreed conditionally to use reasonable endeavours to place the Placing Shares
investors procured by it.

The Placing Price represents a discount of approximately 0.45 per cent. to the
closing mid-market price of 221 pence per Ordinary Share on 20 April 2005 being
the last dealing day prior to this announcement.  The Placing Shares represent
approximately 12.36 per cent. of the enlarged issued share capital of the
Company immediately following Admission (assuming none of the Company's
outstanding Options are exercised).

The issue of the Placing Shares is conditional upon the passing of the
Resolutions set out in the Notice of Extraordinary General Meeting convened for
16 May 2005 and their Admission to AIM.  Application will be made to the London
Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is
anticipated that dealings in the Placing Shares will commence on 17 May 2005.


CONTACTS

Amino Technologies:                                               01954-234100
Grant Masom, Chairman                                         www.aminocom.com
Bob Giddy, Chief Executive
Stuart Darling, Finance Director

KBC Peel Hunt:                                                   020-7418-8900
David Davies

Bankside:
Steve Liebmann or Susan Scott                     020-7444-4163 / 07802-888159



About Amino

Amino (www.aminocom.com) is a designer and supplier of electronic systems and
consultancy, specialising in products for digital broadcast and on-demand TV,
IPTV (telco triple-play applications) and in-home multimedia distribution.

Its range of small, low cost, high functionality set-top boxes and gateway
products is designed for consumer applications in telecom, satellite and digital
terrestrial broadcast markets, as well as on-demand systems for hotels and
hospitality markets, healthcare, retail and education. Amino also provides
systems consultancy and partners with world-leading companies in content
aggregation, middleware, conditional access and head-end systems.







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