AGM Statement

Angle PLC 20 September 2007 For Immediate Release 20 September 2007 ANGLE plc ('ANGLE' or the 'Company') AGM Statement At the Annual General Meeting of ANGLE plc today, Hance Fullerton, retiring Chairman, will make the following statement: 'ANGLE has made a strong start to the year, continuing to trade in line with the expectations for the year outlined at our Preliminary Results announcement on 5 July. Solid progress has been made in both of our key operating divisions. Our Management services business is now trading profitably and is expected to deliver at least £0.4 million profit for the year. In addition to successfully implementing £1m of annualised cost savings, ANGLE has also secured a significant new contract win with the Innovation Lincolnshire Outreach Programme which, as announced on 27 June, will generate £0.9m of revenue for the Company over a 21 month period. The Group will continue to pursue further such contracts in order to drive revenue growth and broaden its exposure to a pipeline of potentially high-value IP opportunities. Solid progress has also been made within our Ventures division. Evidence of successful value creation has been demonstrated, as announced on 5 July, through a £4 million profit from the gain in fair value of portfolio company Geomerics. Furthermore, in line with our current strategy, operating costs in this division have also been reduced by an estimated £1.3 million on an annualised basis. As previously announced, I am retiring following today's Annual General Meeting and Garth Selvey is succeeding me as non-executive Chairman. I would like to thank the Chief Executive, other directors and senior management for all their support over the years. I look forward to hearing of ANGLE's success in the future.' Andrew Newland, Chief Executive will add: 'I would like to take this opportunity to thank Hance for all his hard work and dedication to ANGLE over the years. Under his stewardship, the Group has developed from a start-up business to an established leader in IP commercialisation. We wish Hance all the best for a long and enjoyable retirement and sincerely thank him for his outstanding contribution to ANGLE.' Enquiries: ANGLE plc Andrew Newland, Chief Executive 01483 295830 Ian Griffiths, Finance Director Collin Stewart Europe Limited 020 7523 8350 Mark Connelly Scott Harris 0207 653 0030 Stephen Scott, James O'Shaughnessy, Harry Dee Buchanan Communications 0207 466 5000 Richard Darby, Suzanne Brocks, James Strong Notes to Editors Founded in 1994, ANGLE is an international venture management company focusing on the commercialisation of technology and the development of technology-based industry. ANGLE creates, develops and advises technology businesses on its own behalf and for its clients. ANGLE is listed on AIM (AGL.L); further information can be found on www.ANGLEplc.com This information is provided by RNS The company news service from the London Stock Exchange

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