Statement re. Suspension

Transense Technologies PLC 11 October 2007 Transense Technologies plc ('Transense' or the 'Company') Reverse takeover discussions Following recent share trading activity, the Board feels it appropriate to confirm that Transense has entered into non-binding heads of agreement relating to a potential acquisition. Any final agreement remains subject to commercial, financial and legal due diligence, finalisation of the contractual terms and an appropriate level of fundraising. Given current market conditions, there can therefore be no guarantee that such an acquisition will proceed. The proposed acquisition would constitute a reverse takeover under the AIM Rules and consequently, following this announcement, under the AIM Rules Transense's shares will be immediately suspended until publication of an admission document containing full details of the acquisition and the enlarged group or an announcement is made confirming that the proposed acquisition will not proceed. If an agreement can be reached, the Board will send to all shareholders a circular (comprising an admission document) giving further details of the proposed acquisition and convening an extraordinary general meeting to approve the acquisition. A further update will be provided when appropriate. Enquiries: Transense Technologies plc Tel: +44 (0) 1869 238 380 Peter Woods Noble & Company Ltd Tel: +44 (0) 20 7763 2200 John Llewellyn-Lloyd Graeme Bayley This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings