Share Placing

Traction Technology PLC
24 August 2007


FOR IMMEDIATE RELEASE                                            24 August 2007

                            
                             Traction Technology PLC
                          ('Traction' or the 'Company')
                                        
                                  Share Placing

The Company is pleased to announce that, in addition to the £245,000 raised on
13 August 2007, it has raised an  additional £15,000 by means of a placing of
53,571 new Ordinary Shares of 3p each at a price of 28p per share.  Application
will be made for the 53,571 new Ordinary Shares issued today to be admitted to
trading on AIM which will  rank pari passu with the existing Ordinary Shares.

The funds raised through the placing will be used to further accelerate
development of the tribrid engines as well as  for general working capital
purposes.


ENDS

For further information, please contact:
Traction Technology PLC
Nicholas Brayshaw, Chairman
Tel [phone]

Beaumont Cornish Limited
Roland Cornish
Tel [phone]

Ambrian Partners Limited
Tel [phone]
Richard Brown
Shaun Whyte

Parkgreen Communications Tel [phone]
Lucy Lake








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