Placing

Transense Technologies PLC
2 October 2001

2 October 2001


Transense Technologies plc - Placing for cash

Transense Technologies plc ('Transense' or 'the Company') announces that today
it raised £2 million by way of a placing of 195,122 new ordinary shares of 10p
each in the capital of the Company at a price of 1025p per share ('the
Placing'). The Placing, which was with an existing institutional shareholder,
was conducted on a non pre-emptive basis pursuant to the relevant authorities
conferred by shareholders at general meeting. The new ordinary shares placed
pursuant to the Placing represent approximately 1.6 per cent. of the issued
share capital of the Company prior to the Placing and 1.5 per cent. of its
enlarged share capital.

The new Transense ordinary shares issued as part of the Placing will rank pari
passu in all respects with all other existing issued Transense ordinary
shares, including the right to participate in the Bonus Issue which was
announced on 4 September 2001 and for which the record date is close of
business on 2 October 2001.

Commenting on the Placing, Jim Perry, Chief Executive of Transense, said:
'While our current trading is in line with expectations, we have taken
advantage of the opportunity which was presented to us to strengthen our
balance sheet, thereby giving added confidence to our shareholders, customers
and suppliers.'

For further information, please contact:

Jim Perry, Chief Executive                                        01869 238 380
Transense Technologies plc www.transense.co.uk

John Coyle                                                        020 7713 0900
Clerkenwell Communications                                        07770 687 370
                                                          07699 727 796 (pager)

END