Issue of Equity

Hardide PLC 21 December 2005 Press Release 21 December 2005 Hardide Plc ('the Company') Placing of 6,499,662 Placing Shares at 12.25p per share Hardide plc, the provider of unique surface engineering technology, announces that it has raised £796,209, before expenses, by way of a Placing of 6,499,662 new Ordinary Shares at a price of 12.25p per Share. The new monies raised in the Placing will fund the establishment of a manufacturing facility in Houston, Texas, USA as mentioned in the Company's interim results announced on 13 December 2005. The Company has made application for the new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on 29 December 2005. Jim Murray-Smith, Chief Executive, said: 'This Placing will enable the Company to reach the next stage in its development following our successful admission to AIM earlier in the year and the encouraging preliminary results recently announced. 'The funds raised will be used to establish a manufacturing facility in Houston, Texas to meet rising order levels and an increase in customer enquiries from the US. Demand for Hardide's product is strong and I am confident that a manufacturing presence in Houston will further promote Hardide to US customers, in particular in the oil and gas and aerospace sectors.' Ends For further information: Hardide plc Jim Murray Smith, Chief Executive Tel: +44 (0) 1869 353 830 jmurray-smith@hardide.com www.hardide.com Seymour Pierce Sarah Wharry / Jeremy Porter, Corporate Finance Tel: +44 (0) 20 7107 8000 Media enquiries: Abchurch Chris Lane / Katherine Murphy Tel: +44 (0) 20 7398 7700 chris.lane@abchurch-group.com www.abchurch-group.com Notes to editors Hardide provides and applies tungsten carbide coatings to a wide range of engineering components. The Company's patented technology is unique in that it combines both abrasion and corrosion resistant properties in one coating. When applied to components, the technology is proven to offer dramatic cost savings through reduced downtime and extended component life. Customers include leading companies operating in oil and gas exploration and production, valve and pumps manufacturing and general engineering. Founded in 2000, Hardide operates three industrial coating facilities in Bicester, Oxfordshire, UK. This information is provided by RNS The company news service from the London Stock Exchange

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Hardide (HDD)
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