Funding Contract

Angle PLC
27 April 2004


For Immediate Release                                            27 April 2004


                                    ANGLE plc
                           ('ANGLE' or the 'Company')

                    Award of Funding Contract from Carbon Trust

ANGLE is pleased to announce that it has been awarded a share of a £2.7m funding
contract from Carbon Trust, which is launching a Low Carbon Incubator Programme.
The Carbon Trust works with UK business and the public sector to cut carbon
emissions. Established by the Government to help the UK meet its climate change
obligations, the Carbon Trust creates practical, business-focused solutions to
carbon emission reductions.

Other participants in the programme are Imperial College Innovations, the wholly
owned technology transfer company of Imperial College London and LIFE-IC in
Sheffield who will both be working alongside ANGLE to bring early stage, low
carbon technologies to the market place. Participants will apply set entrance
and exit criteria to manage the number of qualifying start-up companies
receiving advisory support from the programme up to a maximum of £60,000 per
company.

The contract has a potential total maximum value of £900,000 for ANGLE. The
actual value will depend on the number of companies which ANGLE develops in its
consultancy and Progeny(R) process.

ANGLE will be focusing on the commercialisation of technology and the
development of technology-based industry, acting as a roaming advisor to the
Carbon Trust.  ANGLE  will be used to deliver specialist advice in business
development, company formation, capital formation, market research and
intellectual property rights.

The programme will support companies developing products based on technologies
such as novel materials, fuel cell and hydrogen-based travel.

Andrew Newland, Chief Executive of ANGLE, commented:

'I am delighted that ANGLE has been selected to participate in the Low Carbon
Incubator Programme following a rigorous selection process. Low carbon
technology is an expanding and innovative market, given the Government's drive
towards a low carbon economy and use of renewable energy.

Our involvement in this scheme will undoubtedly expose us to a number of
exciting opportunities in this area and is further acknowledgement of ANGLE's
successful venture management and consultancy model.'

Enquiries:
ANGLE plc                                               01483 295830
Andrew Newland, Chief Executive
Dawson Buck, Deputy Chief Executive

Buchanan Communications                                 020 7466 5000
Richard Darby, Suzanne Brocks



Notes to Editors

Founded in 1994, ANGLE is an international venture management and consulting
company focusing on the commercialisation of technology and the development of
technology-based industry. ANGLE creates, develops and advises technology
businesses on its own behalf and for its clients.


                      This information is provided by RNS
            The company news service from the London Stock Exchange   D

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