Acquisition, etc

BATM Advanced Communications Ld 30 August 2000 BATM Advanced Communications Limited BATM Advanced Communications Limited ('BATM' or the 'Company') announces that it has conditionally agreed to acquire a 19.9% stake in Lantech Computer Company Limited, a Taiwanese manufacturer of data communications products. The consideration amounts to approximately US$5M payable in 503,000 new BATM ordinary shares, expected to amount to approximately 0.13 per cent. of the existing issued share capital of the Company. The final number of shares issued will be based on the average share price recorded during the three months prior to completion. Completion is expected to take place on November 1, 2000. Application will be made for the new shares to be admitted to the United Kingdom Listing Authority, and for such shares to be admitted to trading by the London Stock Exchange on its market for listed securities. The new ordinary shares are expected to commence trading on November 15, 2000. Lantech is a provider of an extensive range of switches, hubs, routers, network interface cards and other accessories for data networks. The corporate headquarters, manufacturing and R&D facilities are located in Taipei, Taiwan with approximately 200 employees. Lantech's audited net profit for 1999 was approximately US$0.6M on revenues of US$27M and its net assets as of 31/12/99 is were approximately US$11M. 'We believe the relationship with Lantech will enable us to expand rapidly our manufacturing capacity and enhance other business relationships in Asia' said Dr Zvi Marom CEO of BATM, 'We appreciate Lantech's entrepreneurial environment and believe that together we could explore new ideas for the benefit of both companies.' Thomas Lee, founder and CEO of Lantech said: 'We are happy to work with BATM on this project. I am confident that we can fully utilise our product facility for BATM and also to introduce BATM's high-end ranged product successfully into the Asian market. I believe we can co-operate seamlessly on any project and also at the same time to fully take advantage of our own individual technical expertise. I am sure this agreement with Lantech will accelerate BATM's growth into new areas.' Shlomi Cohen, BATM VP of Business Development, will be joining the board of Lantech as a non-executive director on completion. For further information please contact: www.batm.com BATM 00 972 3 938 6888 Dr Zvi Marom, Chief Executive Dresdner Kleinwort Benson 020 7623 8000 Mark Smith Shore Capital and Corporate Limited 020 7408 4090 Graham Shore Golin/Harris Ludgate 020 7253 2252 Edward Macquisten
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