Rejection of Approach

Radstone Technology PLC
18 August 2006



For Immediate Release                                             18 August 2006



              Radstone Technology PLC ("Radstone" or the "Company")

             Rejection of approach from Eurotech S.p.a ("Eurotech")



The Board of Radstone notes today's announcement by Eurotech and confirms that
it received two conditional indicative proposals from Eurotech regarding a
possible offer for Radstone.


The Board of Radstone reviewed the proposals carefully, in conjunction with its
financial advisers Close Brothers and with its stockbrokers JPMorgan Cazenove.
The Board unanimously concluded that the proposals significantly undervalued the
Company and its prospects and as such, the Board of Radstone unanimously
rejected Eurotech's proposals.


In accordance with Rule 2.10 of the City Code on Takeovers and Mergers the
Company confirms that, as at close of business today, it has in issue 30,339,640
ordinary shares of 121/2 pence each. The International Securities Identification
Number for these shares is GB0007204836.


For further information, please contact:

Radstone Technology                                          01327 359444
Jeff Perrin, Chief Executive
Peter Cavill, Director


Close Brothers Corporate Finance                             020 7655 3100
Simon Willis
David Wardrop


JPMorgan Cazenove                                            020 7588 2828
Julian Cazalet
David Harvey-Evers


Buchanan Communications                                      020 7466 5000
Mark Edwards                                                 07801 480 322
Nicola Cronk                                                 07973 313 365




Dealing Disclosure Requirements


Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in
1% or more of any class of "relevant securities" of Radstone Technology PLC, all
" dealings" in any "relevant securities" of that company (including by means of
an option in respect of, or a derivative referenced to, any such "relevant
securities") must be publicly disclosed by no later than 3.30 pm (London time)
on the London business day following the date of the relevant transaction. This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the "offer period" otherwise ends. If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an "interest" in "relevant securities" of Radstone Technology PLC, they
will be deemed to be a single person for the purpose of Rule 8.3.


Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of Radstone Technology PLC by Radstone Technology PLC or the
offeror, or by any of their respective "associates", must be disclosed by no
later than 12.00 noon (London time) on the London business day following the
date of the relevant transaction.


A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk .


"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.


Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


                                      END



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