Acquisition

Eurovestech PLC
26 March 2001


26 March 2001


                       EUROVESTECH PLC ('Eurovestech')


                   Investment in optical switching company


Eurovestech is pleased to announce that it has made a $1 million investment in
Lynx Photonics Networks Inc. ('Lynx'). Lynx is based in California with its R&
D facility in Israel and develops patented, high reliability optical
communications switching modules and subsystems.



Lynx has closed a $30 million financing round managed by Morgan Stanley Dean
Witter, who invested in the round alongside Infineon Ventures, the investment
affiliate of Infineon Technologies and strategic investors including broadband
equipment manufacturer ADC and bandwidth facilitator Enron.



Lynx's Photon.X range of planar waveguide photonics switch arrays include
built-in dynamic light energy management and support multicast and broadcast
optical transmission used for optical virtual private networks. Lynx's
non-blocking technology is designed to enable light to be channelled from any
input port to any output port, a critical element for dynamic connectivity.



Commenting on the investment, Richard Bernstein, Chief Executive of
Eurovestech said: 'We are delighted to have become a shareholder in Lynx,
which we believe is ideally positioned to capitalise on the rapid growth in
the next generation of optical networks.'



Enquiries:

Eurovestech plc
Richard Bernstein- Chief Executive          Tel: [phone]
[e-mail]