RNS Number:0811U
Network Technology PLC
09 January 2004

Announcement



The Chairman of Network Technology Plc, Klaus Bollmann, informs the Company's
shareholders that the Company intends to consolidate its shares by issuing one
(1) share for every 20 shares currently held.



The Proxy Voting Cards for the AGM, which will deal with normal matters as well
as the consolidation of shares, will be sent out to shareholders on Tuesday 13th
January 2004 and the Annual Reports are in the process of being printed and will
be sent out to shareholders on Friday 16th January 2004.



The date for the AGM will be 13th February 2004.



Rationale

The current share price and number of shares are not appropriate for the
business.  As the Company intends to grow and potentially raise money in the
future (although no concrete projects are currently worked on) it is appropriate
to lower costs associated with share transactions and registration with the
effect of a more prominent price per share.



Recent Share Price Rise

Although the Board is not aware of any specific reason for the recent share
price rise, it believes that its world leading FollowMe printing system,
allowing users of multi function printers to receive their print once they
identified themselves at the printer, as well as its now established IT Security
and Access Control Security software and hardware products, will have a
significant impact on the future performance of the Company.



The Company also owns all its biometric products' technology for Fingerprint and
Face recognition algorithms which it incorporates into many of its own products
such as Airport-ID, Quick-ID and UniPort as well as intending to license the
technology to OEMs.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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