Statement re. Suspension

Azman PLC 03 April 2006 AZMAN PLC Statement re Suspension The Directors are pleased to announce that they have entered into a non-binding agreement, subject to due diligence and shareholder approval, to purchase the entire share capital of Coms Limited, a transaction which will be a reverse takeover under the AIM Rules. Coms Limited operates in the Voice over IP sector (VoIP) which is the enabling technology that allows us to deliver phone calls over the Internet. It is becoming normal for home broadband users to have 1Mb or more of bandwidth in their home which is nearly twenty times greater than the 56Kb connection of a normal analogue phone line. VoIP enables many calls on a broadband line (no need to install second lines) and its inherent efficiency means costs are significantly reduced. Coms will also be able to deliver a diverse range of digital phone applications to homes and business users. The Directors believe that the market trend in telephone networks of the 21st century is about people not locations. Customers will have access to all of Coms.com services wherever they connect to the internet; home, office, WiFi hotspot or WiMax roaming. The Directors believe that office and home broadband has now reached a critical mass of users who can maximise their investment by using unique digital applications. For further information go to www.coms.com/about_us_ A shareholder circular and notice of EGM will be sent to shareholders in due course. Leo Knifton Chairman This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings