Result of Equity Issue

NMT Group PLC 14 July 2000 NMT GROUP RESULTS OF THE PLACING AND OPEN OFFER Successfully raises £24 million (net of expenses)to build portfolio of safety products for healthcare workers NMT Group PLC, the manufacturer of retractable devices to prevent needlestick injury, announces that the Open Offer to Qualifying Shareholders, described in its prospectus dated 22 June 2000, closed at 3.00 pm on 13 July 2000. Of the maximum 176,814,334 new Ordinary Shares to be issued pursuant to the Placing and Open Offer, a total of 169,767,627 have been taken up by shareholders or placed with placees. 53,333,333 new Ordinary Shares were placed firm with institutional shareholders. Of the 90,147,668 new Ordinary Shares, which were placed subject to recall under the Open Offer, valid applications in respect of 69,771,537 (77 per cent.) have been received from Qualifying Shareholders and the remainder will be taken up by placees. Of the 33,333,333 new Ordinary Shares, which were available under the Excess Open Offer valid applications have been received in respect of 26,286,626 and all applications will be allocated in full. The Placing and Open Offer remain conditional upon admission of the new Ordinary Shares to trading on AIM and the passing of the resolution to be proposed at the Company's forthcoming Extraordinary General Meeting. 20,000,000 new Ordinary Shares have been allotted as part of the firm placing to certain Venture Capital Trusts. They are expected to be admitted to trading on AIM at 8.30 a.m. on 19 July 2000. The remaining 149,767,627 new Ordinary Shares to be allotted pursuant to the Placing and Open Offer are expected to be admitted to trading on AIM at 8.30 a.m. on 20 July 2000. Commenting on the announcement, Roy Smith, Chief Executive of NMT, said: 'We are very pleased with the support from both existing and new shareholders. The £20 million raised, together with the additional £4 million raised through the Excess Offer, will help us to expand production to commercial levels of a full range of syringes and to broaden our safety product range.' Enquiries: NMT Group PLC Tel: 01506 445000 Tony Fletcher WestLB Panmure Tel: 0207 638 4010 Chris Collins / Ronald Openshaw Financial Dynamics Tel: 0207 831 3113 Sophie Pender-Cudlip / Jonathan Birt For further information on NMT, visit the company's web site at: www.nmtgroup.com
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