Admission to Official List

Zen Research PLC 30 June 2000 Not for release or distribution in or into the United States of America, Canada, Japan or Australia SHARES IN ZEN RESEARCH PLC COMMENCE TRADING ON THE LONDON STOCK EXCHANGE - Zen Research plc ('Zen') (LSE: ZEN) - the innovative developer and licensor of high performance Multibeam TrueX technology for use in DVD and CD optical storage drives - today announces that its Ordinary Shares have been admitted to trading on the London Stock Exchange with effect from 8:00am this morning. - Zen raised approximately £54 million (net), following a Global Offer of 55,171,542 shares, of which 42,587,673 were new Ordinary Shares, to institutional investors. - At the offer price of 150p per share, Zen has a market capitalisation of approximately £256 million. - Zen intends to use the proceeds for working capital, research and development (both expansion and acceleration), capital expenditure, marketing, and strategic partnerships. Zen also intends to use the proceeds to acquire companies, technologies or the right to technologies should attractive opportunities arise. - For its next generation of DVD technology, Zen has already licensed its proprietary technologies to several leading international electronics companies: Infineon for DVD-ROM ASICs; Sanyo Electric for Multibeam DVD pick ups; and LG Electronics for the resulting Zen technology DVD drives. It is actively seeking further international strategic licensing partners. - In 1999, sales of DVD drives grew 138% to 14.5 million units according to International Data Corporation (IDC). Starting at the high end of the market, Zen believes that DVD will replace CD in many PC systems. IDC estimates that annual sales of PCs with optical drives will exceed 130 million units in 2000 and are expected to grow to 182 million units by 2003. - UBS Warburg is acting as sponsor, financial adviser and broker to the issue and WestLB Panmure is acting as co- manager in connection with the Global Offer. For further information: Zen Research Emil Jachmann Tel: 0044 20 7353 9203 UBS Warburg Oliver Pawle, Michael Lacey-Solymar Tel: 0044 20 7606 1066 Bell Pottinger Financial Mark Way/ Oliver Jones Tel: 0044 20 7353 9203 www.zenresearch.com Summary Information: - Zen develops and licenses high performance Multibeam TrueX technology for use in DVD and CD optical storage drives. - High performance Zen enabled optical drives create competitive advantages which are important for the entire PC market, particularly the fast growing laptop, notebook and 'all in one' PC sector. - Zen's technology has already been commercially proven in CD drives - a 72X CD-ROM manufactured by Kenwood Corporation using Zen components is the fastest CD-ROM drive in the world. The Kenwood Zen drive has been featured by Compaq in a number of model ranges. - Zen, which commenced business in 1994, has marketing and business development offices in Silicon Valley, California and research laboratories in Tel Aviv, Israel and is incorporated in the UK. Zen employs approximately 50 personnel worldwide. This announcement does not constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to or for the benefit of US except persons pursuant to an available exemption from registration. Any offering of the Company's securities will be made only by means of a prospectus/listing particulars that will contain detailed information about the Company and its management, as well as financial statements. There shall not be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This announcement has been issued by, and is the sole responsibility of Zen Research (the 'Company') and has been approved solely for the purposes of Section 57 of the Financial Services Act 1986 by UBS AG acting through its financial services group UBS Warburg ('UBS Warburg') which is regulated in the UK by the Securities and Futures Authority Limited and is sponsor and financial adviser to the Company in connection with the proposed flotation and public offering of shares in the Company (the 'Global Offer'). UBS Warburg is advising the Company in relation to the proposed Global Offer and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to customers of UBS Warburg nor for providing advice in relation to the proposed Global Offer. Prices and values of, and income from, shares may go down as well as up. Past performance is not a guide to future performance. Persons needing advice should consult an independent financial adviser. Stabilisation/FSA. This announcement does not constitute, or form part of, an offer, or solicitation of an offer, for securities and any purchase of, or application for, shares to be issued or sold in connection with the Global Offer should only be made on the basis of information contained in the prospectus/listing particulars to be issued in connection with the Global Offer. This announcement is not for distribution or release in or into Japan, Australia, Canada or the United States.
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