Issue of Equity

Surface Transforms PLC
09 March 2004


RNS Release

9 March 2004

                              Surface Transforms plc

                                ('the Company')

                Grant of Options and Issue of Equity to Directors

The Company announces that Dr. G. Gould, a director of the Company, has been
granted 20,000 options to subscribe for ordinary shares in the Company under the
Surface Transforms Enterprise Management Incentives Scheme. The options are
exercisable at a price of 66.5 pence per share (based on the closing middle
market price on 5 March 2004) in the period from 8 March 2007 to 8 March 2014.
Following this grant Dr. Gould holds options over 118,377 Ordinary Shares.

In addition, Mr Peter Holland and Mr Kevin D'Silva, non-executive directors of
the Company, have been issued with 4,512 and 7,519 new ordinary shares of 1p,
respectively, in lieu of accrued remuneration due for the period 1 September
2003 to 28 February 2004. These shares were issued at 66.5 pence per share based
on the closing middle market price on 5 March 2004. Following the issue of the
above shares, Mr Holland and Mr D'Silva hold 170,515 and 151,486 ordinary
shares, representing 1.79% and 1.59% per cent of the enlarged issued share
capital of the Company, respectively.

Application has been made for the above shares to be admitted to trading on AIM.
Dealings are expected to commence on 17 March 2004.

For enquiries please contact:

Julio Faria/Johannah Stretton                       Neil Boom
Surface Transforms plc                              Gresham PR Ltd.
01928 735 498                                       020 7404 9000

Johnny Townsend/Simon Clements
John East & Partners Limited
020 7628 2200


Details of the Company's business and financial performance and its share price
can be found on the Armshare icon on www.surface-transforms.com






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            The company news service from the London Stock Exchange