First Day of Dealings on AIM

Pressure Technologies PLC 06 June 2007 NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF SOUTH AFRICA Pressure Technologies plc (the 'Group') FIRST DAY OF DEALINGS ON AIM Pressure Technologies plc (AIM: PRES) is pleased to announce its flotation on AIM today. Pressure Technologies plc is the holding company for Chesterfield Special Cylinders Limited ('CSC'). CSC designs, manufactures and offers testing and refurbishment services for a range of speciality high pressure, seamless steel gas cylinders for global energy and defence markets. The Group employs 48 staff from its 4.4 acre site in Sheffield. At the issue price of 150 pence, £6 million before expenses has been raised on behalf of the Group via an oversubscribed placing. The proceeds of the placing will be used to fund the growth of the business organically and by acquisitions, pay off part of the existing debt and for working capital. On admission to AIM, the market capitalisation of Pressure Technologies plc at the issue price is £17 million. Brewin Dolphin Securities is acting as Nominated Adviser and Broker to the Group. Placing Statistics Issue price 150p Number of new shares placed on behalf of the Group 4,000,000 Number of old shares placed on behalf of selling shareholders 2,430,198 Number of ordinary shares in issue upon admission 11,333,620 Percentage of enlarged share capital placed 56.7% For further information, please contact: Pressure Technologies plc 0114 242 7500 John Hayward Jonathan Clark Brewin Dolphin Securities 0113 241 0130 Neil Baldwin Sean Wyndham-Quin Brewin Dolphin Securities Limited, a member of the London Stock Exchange, authorised and regulated by the Financial Services Authority, is acting for the Company only and will not be responsible to any other persons for providing the protections afforded to clients of Brewin Dolphin Securities Limited or for advising such person on the matters referred to in this announcement. Brewin Dolphin Securities Limited has not approved the contents of, or any part of, this announcement. This information is provided by RNS The company news service from the London Stock Exchange
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