Acquisition

Trifast PLC
16 October 2006


                                                                 16 October 2006

                                  Trifast plc
    Trifast to Acquire 25% Stake in Leading Malaysian Manufacturer Techfast

Trifast plc ("Trifast") is pleased to announce that it has entered into an
agreement to acquire 25 per cent of the ordinary shares in issue of Techfast
Holdings Bhd ("Techfast"), a leading Malaysian specialised manufacturer listed
on the MESDAQ Market of the Malaysian Stock Exchange, for a total consideration
of approximately £2.78 million (or Ringgit Malaysia 0.50 per share). The
acquisition is expected to be earnings enhancing in the first full year or
ownership for Trifast.

Techfast is based in Kuala Lumpur and manufactures sheet metal fasteners from
its two factories in Malaysia and its factory in Suzhou (China). During the
financial year ended 31 December 2005 Techfast made a profit before tax of £0.8
million on a turnover of £3 million. For the six months ended 30 June 2006,
Techfast has generated a turnover of £2.1 million (or RM14.3 million).

The shares have been acquired from Techfast's senior management team and also a
substantial shareholder.* The senior management team will still own 24 per cent
between them after the deal and will continue with their current roles. The rest
of the shares are held with various investors on the Malaysian market. On
completion of the acquisition Jim Barker, Chief Executive of Trifast plc, will
join the Techfast board.

The acquisition is subject to final regulatory approval from the Foreign
Investment Committee ("FIC"), and of any other relevant authority requested for
by the FIC, and at the present time Trifast anticipates that the sale will
complete within two months.





Commenting on the acquisition Jim Barker, Chief Executive of Trifast said:
"We have worked in partnership with Techfast over many years and have been very
impressed by the quality of its management and technologies. We are delighted to
have the opportunity to take a significant investment stake in the business
which will give Trifast access to new technologies while complementing our
existing Asian manufacturing capability, marketing and distribution across the
area. Specifically, this partnership will assist Trifast in accessing the supply
chain of the largest self-clinch manufacturer in Asia and will significantly
increase our exposure to the lucrative LCD television market. This investment is
an important step in building Trifast as the premier brand in the European and
Asian Industrial Fastener Market."

Yap Yoong Sing, Chairman and Managing Director, of Techfast added:
"Techfast and Trifast have enjoyed a fruitful partnership over the years and we
are delighted to welcome Trifast as a significant shareholder in our business.
The two businesses have complementary technologies and geographical strengths
and we look forward to a successful mutually beneficial cooperation for our two
fast growing businesses over the years to come."

                                    - ENDS -

* Assuming the completion of the conditional agreement and based on the Vendors'
shareholdings as at 13 October 2006, the shareholding of the Vendors in Techfast
will be as follows:

                        As at 13.10.2006   To be Disposed under  After Completion
                                           conditional SPA       of Disposal
Vendors Designation     No. Of       %     No. Of Shares   %     No. Of       %
                        Shares                                   Shares

Yap     Substantial     31,473,982   20.71 (14,800,000)    9.74  16,673,981   10.97
Yoon    Shareholder/
Sing    Director

Lim     Substantial     21,355,597   14.05 (10,400,000)    6.84  10,955,597   7.21
Tock    Shareholder/
Ooi     Director

Fong    Substantial     18,353,164   12.07 (9,800,000)     6.45  8,553,164    5.63
Kok     Shareholder/
Leong   Director

Chin    Substantial     11,679,394   7.68  (3,000,000)     1.97  8,679,394    5.71
Chee    Shareholder
Heun



Enquiries:
Trifast Plc                                     Tel: [phone]
Jim Barker, Chief Executive
Stuart Lawson, Finance Director

Smithfield Consultants                          Tel: [phone]
Noemie de Andia / Will Swan



Notes to Editors

About Trifast
Trifast plc is an international manufacturer and distributor of industrial
fastenings to the assembly industries, with operations in Europe, the Americas
and Asia. The Company's products include miniature screws, customer specific
items and high tolerance fastenings. Established in the South of England in
1973, the Company has grown by acquisitions over the years and floated on the
London Stock Exchange in 1994. The acquisition of Serco Ryan, the third largest
UK competitor, in 2005 has transformed the Company into a major player in the
industrial fastener market with ambitions to become Europe's leading brand.

Trifast has a market capitalization of £54m.

About Techfast
Techfast Holdings Berhad ('Techfast") was listed on the MESDAQ Market of Bursa
Securities Berhad, Malaysia in June, 2006. Techfast presently has four operating
subsidiaries specialising in the manufacture of self-clinching fasteners ("SCF")
and electronic hardware. Three of the subsidiaries are operating in Malaysia and
one operating in Suzhou, China. Techfast has recently set up a plating plant to
meet the demands of its own electroplating services to maintain its high product
quality.

One of the subsidiaries, Techfast Manfacturing Sdn. Bhd. ("TMSB") has won many
industry awards and fast becoming one of the most outstanding Small and Medium
enterprises in Malaysia. Its export sales to over 31 countries spanning 5
continents currently account for about 75% of its total revenues. TMSB is one of
the few if not the only manufacturer specializing in the making of SCFs in the
Asean region.

Techfast has a market capitalization of £11.5 m




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