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Technis International Plc (TECP)

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Friday 23 April, 2010

Technis International Plc

Acquisition


23 April 2010

                           TECHNIS INTERNATIONAL PLC                           

                         ("Technis" or the "Company")                          

                                  ACQUISITION                                  

Technis is pleased to announce the acquisition of 51% of the issued share
capital of Professional IT (Logistics) Limited ("Professional IT"), a leading
provider of software for the management of private hire and courier contracts.

Aylesbury based Professional IT is a profitable company with an 11 year trading
history, which provides software which enables major corporate users of private
hire cars and couriers to manage allocation, invoicing, billing and payment for
multiple suppliers. Users include banks, law firms and media organisations,
which each spend between £1m - £5m per annum on ground transportation
contracts.

Professional IT plans to launch a consumer application which will make use of
Technis' expertise in mobile telecoms applications. Professional IT's Managing
Director and founder Steven Smith will stay with the Professional IT business.

Professional IT reported unaudited net profit before tax and dividends of £
165,970 on turnover of £1,187,164 in the year to 31 August 2008. Revenues for
the year to 31 August 2009 were depressed by the effect of the recession on
spending by major corporates, but the company reported unaudited net profit
before tax and dividends of £23,066 on turnover of £914,078. Trading in the
current year is recovering strongly and several major new contracts are
expected to be announced in due course.

The consideration for the acquisition is £331,500 which has been satisfied
today through the issue of 8,287,500 new ordinary shares of 1p each in the
capital of Technis (the "Consideration Shares"), at an issue price of 4p per
share. The majority of the Consideration Shares have been issued to Steven
Smith, with smaller allotments being made to other individuals. Technis is not
subject to any further commitment to purchase the remaining issued share
capital of Professional IT. However it is the Company's intention to acquire
the remaining 49% of Professional IT following further development of the
business.

Technis CEO Jack Kaye said: "We are very pleased to announce the acquisition of
51% of Professional IT. This is in line with our strategy of acquiring
companies with a strong position in a niche market which will benefit from
being part of a larger publicly quoted group, and where there are synergies
with the existing Technis portfolio of customer-facing intellectual property
and telecoms expertise."

Professional IT CEO Steven Smith said:" We are very pleased to be joining
forces with Technis and look forward to taking the company to the next stage -
accelerating growth and developing and launching new products. Being part of
Technis will also allow greater opportunities to incentivise and develop our
staff."

Further announcements regarding the other potential acquisitions announced on
25 March 2010 will be made as and when appropriate.

The following table sets out details of a change in the percentage of voting
rights held by a Director and Substantial Shareholder plus other changes,
subsequent to today's issue of the Consideration Shares, which are disclosable
under the Financial Services Authority's Disclosure and Transparency Rules and
the PLUS Rules.

Name                 Number of        Number of  Percentage of the   Percentage of
               ordinary shares  ordinary shares   voting rights in      the voting
             held prior to the   held after the         the issued   rights in the
                  issue of the     issue of the     ordinary share          issued
                 Consideration    Consideration     capital of the  ordinary share
                        Shares           Shares   Company prior to  capital of the
                                                  the issue of the   Company after
                                                     Consideration    the issue of
                                                        Shares (%)             the
                                                                     Consideration
                                                                        Shares (%)
                                                                               
Jack Kaye           13,540,000      13,540,000              22.57%          19.83%
                                                                               
Helen                7,833,333       7,833,333              13.05%          11.47%
Chadwick                                                                       
                                                                               
Montroyal            9,169,047       9,169,047              15.28%          13.43%
Investments                                                                    
Ltd                                                                            
                                                                               
Steven Smith                 0       7,210,125               0.00%          10.56%

The above interests relate to legal and beneficial holdings.

All Consideration Shares will rank pari passu in all respects with the existing
fully paid ordinary shares. The new Consideration Shares and the existing
ordinary shares each have one right to vote per share. Following the issue and
allotment of the Consideration Shares, the total issued share capital of the
Company will increase to 68,290,748 ordinary shares.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company, under the Disclosure
and Transparency Rules.

The Company's total issued share capital is now £682,907.48.

THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
ANNOUNCEMENT

---ENDS---

CONTACT DETAILS:

Technis International Plc

Jack Kaye Tel:                                 0207 549 3666

Email: [email protected]

SVS Securities Plc - PLUS Corporate Adviser

Peter Ward / Alexander Brearley Tel:           020 7638 5600

SVS Securities Plc - Broker

Ian Callaway / Alexander Mattey Tel:           020 7638 5600

Square1 Consulting Limited - Financial PR

David Bick / Mark Longson Tel:                 020 7929 5599   

Technis International Plc




                     

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