Further update

Transense Technologies PLC
10 December 2007


                           Transense Technologies plc
                                (the 'Company')

                                 Further Update



Additional fundraising



Further to the Company's announcement on 21 November 2007, the Company is very
pleased to announce that it has today entered into subscription agreements with
certain of its existing shareholders for the subscription of a total of
17,895,472 Ordinary Shares at 23 pence per share.  This will raise £4,115,958.56
for the Company (gross of expenses) in addition to the £240,005 raised via the
subscription agreement with Peter Lobbenberg, an existing shareholder in the
Company, for the subscription of 1,043,500 Ordinary Shares in the Company at 23
pence per share (as announced on 21 November 2007).  The subscription agreements
are conditional upon a special resolution being passed by the Company's
shareholders and admission of the new Ordinary Shares to trading on AIM.  There
are no other outstanding conditions to these subscriptions.  The Company has
obtained voting undertakings from its shareholders (including all of the
Directors) holding an aggregate of 20,696,835 Ordinary Shares (presenting
approximately 35.74 per cent. of the Company's issued share capital) to vote in
favour of the resolutions.



Working capital position



The subscription monies will be used for the Company's working capital
requirements.  Based on the Directors' current estimates, in the absence of any
unforeseen circumstances, following the Subscription the Company should have
sufficient working capital for at least the next two years.



Board changes



The following changes have been made to the Board:



•     Peter Woods, the current Chairman of the Company, has retired as Chairman
of the Company.  David Kleeman has been appointed as the new Non-Executive
Chairman of the Company.  A summary of the terms of his appointment will be set
out in the Circular;



•     Jim Perry, has moved to the role of Deputy Chairman. The position of CEO
will temporarily be vacant until the Company finds a suitable candidate;



•     Tony Baldry has retired from his role as Non-Executive Director; and



•     Melvyn Segal has joined the Board as Executive Director.  A summary of the
terms of his appointment will be set out in the Circular.



Further details of Messers David Kleeman and Melvyn Segal (the 'New Directors')
are set out in the Appendix to this announcement.



Option Agreements



Subject to Shareholder approval, the Board has entered into the Option
Agreements with the New Directors. The principal features of the Option
Agreements are:



(a)        options over 100,000 Ordinary Shares and 80,000 Ordinary Shares will
be granted to Mr Kleeman and Mr Segal, respectively (the 'Options');



(b)        the option exercise price will be 23 pence per Ordinary Share; and



(c)        there will be no restrictions on the exercise of the Options, except
that they cannot be exercised within 12 months of the date of grant. The Options
do not lapse on either New Director ceasing to be a director of the Company. The
Option Agreements include standard anti-dilution provisions.



Trading Update and Board Review



The Lear project review discussions have now been postponed until the New Year
and a meeting with senior Michelin management at Michelin's headquarters to
discuss progress has been provisionally booked for the end of January 2008.
Meanwhile, the Company continues to work closely with Honeywell International
Inc., particularly on torque application projects. On 12 November 2007,
Honeywell's Automation and Control Solutions Division published a document for
its Investor Meeting in which the Company's pressure and torque technologies
featured prominently as 'step-out' technologies for industrial and
transportation applications.  The Directors continue to speak to another
prospective licensee in relation to pressure and torque surface acoustic wave
devices, although no legal documents have yet been agreed.



The Board, as reconstituted, intends to review the Company's existing strategy,
and to consider the various means of securing, in the shorter term, a consistent
and growing stream of revenue generation. In the light of this, early
consideration will be given to the allocation of board responsibilities,
reporting methods and authorisations. An indication of the initial outcome of
the Board's review will be provided when the 2007 results are announced.



Noble & Company Limited



Noble & Company Limited ('Noble') has today provided the Board with notice of
its intention to step down as nominated adviser and broker to the Company, which
will become effective at a date to be agreed between Noble and the Company. The
Company is currently discussing with another nominated adviser its appointment
to the Company.




Circular



A circular (the 'Circular') providing further details of these subscriptions,
the board changes and Options to be granted to the New Directors and convening a
general meeting will be sent to shareholders in the next few days.  In the
Circular, the Directors intend to recommend to shareholders to vote in favour of
the resolutions required to implement the subscriptions and grant the Options to
the New Directors.


Enquiries:

Transense Technologies plc (David Kleeman)        020 7430 9329 / 07 973 988 018

Noble & Company Limited    (John Llewellyn-Lloyd 
                           / Graeme Bayley)      020 7763 2200


                                    APPENDIX

                        Background of the New Directors

David Kleeman



David George Kleeman (65) is Chairman of Fayrewood plc, an AIM-listed company,
and of ComputerLinks AG, which is listed on the Frankfurt Stock Exchange. He was
a solicitor in private practice for seventeen years, specialising in corporate
finance. Since 1985, he has been a professional investor and has provided
funding to a number of companies in a variety of industries. He holds
consultancies and directorships in both public and private companies and has
held several Government appointments, including chairman of a Health Authority,
a Board Member and later Deputy Chairman of NHS Logistics, and a Board Member of
the Housing Corporation for eight years.



Mr Kleeman holds or has held the following directorships and partnerships within
the five years prior to the date of this announcement:


Current directorships/partnerships                            Previous directorships/partnerships
Banque Magnetique SA (France)                                 Audient plc
Beyond Technologies Limited (Israel)                          DPA Investments plc
CCR Data Limited                                              Elevate East Lancashire Limited
ComputerLinks AG (Germany)                                    Expotus Limited
Daman Financial Services Limited                              The Stag and Huntsman Inn Limited
Fayrewood Holdings Limited                                    The Vitae Group Limited
Fayrewood Overseas Holdings BV                                Sauce Organics Limited
Fayrewood plc
Genesis Housing Group Limited
JPL Portfolio Management Limited
Michelangelo Recruitment Services Limited
Michelangelo Search Limited
Vitae Search Limited
Wordbank Limited
Zycko Limited



Melvyn Segal



Melvyn Segal (53) qualified as a Chartered Accountant in 1979.  He is currently
a partner at Arram Berlyn Gardner, a firm of Chartered Accountants, and is
currently responsible for the firm's finances, the partnership taxation and
assisting with client development. Prior to this, he was an assistant manager at
BDO Stoy Hayward.  Mr Segal was also a Director of ABG Financial Management
Limited until 2005, when he was involved in the sale of this company to
AIM-listed First Artists plc.



Mr Segal is Non-Executive Financial Director at Impex Lighting Limited, a
lighting distribution business.  His role includes identifying acquisitions and
managing the process.



He is also involved in various charitable causes, including holding the role of
Honorary Treasurer of FHU Charity, which has over £20 million in funds.



Mr Segal holds or has held the following directorships and partnerships within
the five years prior to the date of this announcement:


Current directorships/partnerships                            Previous directorships/partnerships
Arram Berlyn Gardner                                          ABG Corporate Finance Ltd
Bodafose Limited                                              ABG Marketing Consultancy Ltd
Impex (Glassware) Limited                                     Arram Berlyn Gardner LLP
Impex Lighting Limited                                        Optimal Wealth Management Ltd
Smithbrook Limited                                            (formerly ABG Financial
Totalbroad Limited                                            Management Limited)
                                                              This is Another Company plc



Neither of the New Directors:



(i)         has any unspent convictions in relation to indictable offences;



(ii)        has been made bankrupt or has made an individual voluntary
arrangement with creditors or suffered the appointment of a receiver over any of
his assets;



(iii)       has been a director of any company which, whilst he was such a
director or within 12 months after his ceasing to be such a director, was put
into receivership, compulsory liquidation, creditors' voluntary liquidation,
administration, company voluntary arrangement or any composition or arrangement
with the company's creditors generally or with any class of creditors of any
company or had an administrator or an administrative or other receiver
appointed;



(iv)       has been a partner in any partnership which, whilst he was a partner,
or within 12 months after his ceasing to be a partner, was put into compulsory
liquidation or had an administrator or an administrative or other receiver
appointed or entered into any partnership voluntary arrangement;



(v)        has had an administrative or other receiver appointed in respect of
any asset belonging either to him or to a partnership of which he was a partner
at the time of such appointment or within the 12 months preceding such
appointment; nor



(vi)       has received any public criticisms, official public incriminations
and/or sanctions by statutory or regulatory authorities (including recognised
professional bodies) or has ever been disqualified by a court from acting as a
director or member of the administrative, management or supervisory bodies of a
company or from acting in the management or conduct of the affairs of any
company.



Neither Mr Kleeman nor any of his Connected Persons (as defined in sections 252
to 254 of the Companies Act 2006) currently has any interests in the share
capital of the Company.  Mr Segal, together with his Connected Persons, holds
450,000 Ordinary Shares, representing 0.78 per cent. of the existing share
capital of the Company.  In addition, Mr Segal has subscribed for a further
250,000 ordinary shares pursuant to the subscription.  As set out above, it is
proposed that Messrs Kleeman and Segal be granted the Options pursuant to the
Options Agreements, subject to the approval of the necessary resolution by
shareholders.






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