EGM Result & Placing Update

Surface Transforms PLC
24 May 2004


RNS Release

24th May 2004



                              Surface Transforms plc
                 EGM Result and further re Proposed Placing of up
                to 4,142,859 new Ordinary Shares at 70p per share


Result of EGM
At the EGM held earlier today all resolutions were duly passed.

Placing Shares
Application has been made for 3,667,859 Ordinary Shares to be admitted to
trading on AIM and dealings in 2,185,715, 1,125,001 and 357,143 Ordinary Shares
will commence on 25th, 26th and 27th May respectively.

Application will be made in due course for the remaining 475,000 Ordinary Shares
to be admitted to AIM and dealings are expected to commence on or before 5th
August 2004.

Following the admission of the 4,142,859 new Ordinary Shares, Surface Transforms
will have 13,650,748 ordinary shares in issue. The fundraising has introduced
eight new institutional shareholders to the Company.



For enquiries please contact:

Julio Faria                                   Neil Boom/Sophie Betts
Surface Transforms plc                        Gresham PR Ltd.
01928 735 498                                 020 7404 9000

David Worlidge/Simon Clements
John East & Partners Limited
020 7628 2200

Details of the Company's business and financial performance and its share price
can be found on the Armshare icon on www.surface-transforms.com



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