Contract Extension

Angle PLC
07 July 2004


For Immediate Release                                                7 July 2004

                                   ANGLE plc

                               CONTRACT EXTENSION


ANGLE plc is pleased to announce that The Fairfax County Economic Development
Authority ('FCDA') has extended its contract with ANGLE Technology Group US ('
ANGLE Technology') through until June 2005. The contract, which commenced in
October 2001, is to manage and provide full support to the BioAccelerator of
Fairfax County, Virginia in order to develop and implement the BioAccelerator
business incubation program.

The contract extension value is $0.389 million taking the total contract value
since commencement to $1.45 million.

The FCEDA created the Fairfax County BioAccelerator to serve as a catalyst for
the bioscience industry in Northern Virginia. The role of ANGLE Technology
ranges from business plan review, sales and marketing advice, and business
mentoring, to networking activities and assistance with financing. The Fairfax
County BioAccelerator companies represent a range of converging bioscience
technologies that include drug discovery, nanotechnology, environmental
sciences, medical devices and software for biomedical research and healthcare.

The ANGLE team also actively supports FCEDA investment focused on life science
companies. Support for these companies focuses on the establishment of US
business operations and the development of targeted US marketing activities.

Andrew Newland, Chief Executive of ANGLE said:

'Early stage companies are enthusiastic about the range of tailored business
development services ANGLE is delivering through Fairfax County's
BioAccelerator.  ANGLE values the access to a wide range of business development
opportunities.'


For further information, please contact:

ANGLE plc                                                     01483 295830
Andrew Newland, Chief Executive
Dawson Buck, Deputy Chief Executive
Ian Griffiths, Finance Director

Buchanan Communications                                       020 7466 5000
Richard Darby, Suzanne Brocks


Notes to Editors

Founded in 1994, ANGLE is an international venture management and consulting
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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange  ND
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