RNS Number:2681I
Network Technology PLC
04 February 2005


                               Issue of new Shares

4 February 2005

Network Technology Plc also announces that it has reached agreement with The
Woodgate Trust Pension Fund ("The Fund") to settle the outstanding rent due to
them as landlord for Network Technology's facilities in Burgess Hill (amounting
to #335,000) by the issue of up to #365,000 new ordinary shares at par value to
The Fund. Network Technology will seek to list these shares in due course. As
the shares were issued at par, the transaction has no negative balance sheet
effect on the company but does resolve this outstanding debt.

As The Fund may be considered a related party, notice is hereby given that the
interest of Hanne Bollmann and related parties in Network Technology will then
amount to 1,094,140 Ordinary Shares, amounting to 53.22% of the issued share
capital.

At the same time, Network Technology announces that it will discontinue its
product lines of CD and DVD based storage systems as well as its Wide Format
Plotter line.

The write off that will be required for the discontinuation of these two product
lines will be offset by the effect of the recently concluded CVA of Ringdale UK
Limited (as announced on 20 January 2005). The overall net effect of these two
factors should mean that there is no significant impact on the balance sheet.

For further information:

Lulu Bridges
Tavistock Communications Ltd
Tel: 020 7920 3150




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

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