AGM Statement

Traction Technology PLC
15 March 2007


                            TRACTION TECHNOLOGY PLC
                         ('Traction' or 'the Company')

                        Annual General Meeting Statement


Nick Brayshaw, Chairman of Traction Technology Plc, said at today's AGM:


'Since listing on AIM in December last year, the Company has continued to focus
on the design and delivery of its environmentally friendly, low emission Series
Diesel Electric Hybrid engine system, aimed initially at the public transport
sector.


'Trials are being conducted on active routes with Transport for London operator
Epsom Coaches, on an Optare single-deck bus.  The Company has upgraded and
refitted a further vehicle with Arriva North West that is operating on
Merseytravel's CATCH Project.  A trial is scheduled to begin next month in
Ipswich and in February the Company announced that another trial with bus
company Arriva Southern Counties ('Arriva SC') would commence shortly.


'Arriva SC will run a single-deck bus in the Surrey and West Sussex areas, on
active routes, to gain real time experience and operational data on its
performance with Traction's hybrid engine system.


'The growing recognition of the environmental benefits that come from hybrid
vehicles - particularly for the stop-start urban cycle - coupled with increasing
political and regulatory pressures, leaves the Company well positioned for
future success.


'We look forward to maintaining the Company's position at the forefront of
hybrid technology development.'


All resolutions proposed at the AGM held today were passed.


Ends


Enquiries:


Traction Technology plc           Beaumont Cornish Limited           Parkgreen Communications
Nick Brayshaw, Chairman           Roland Cornish                     Brendan McNamara / Lucy Lake
[phone] •             [phone]               [phone]
www.ttplc.co.uk                                                      Mob: [phone]


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