RNS Number:0188O
Network Technology PLC
24 June 2005


NETWORK TECHNOLOGY PLC ANNOUNCEMENT

The Chairman of Network Technology Plc, Klaus Bollmann, informs the Company's
shareholders of an allotment of 48365 shares at their nominal value of 200p per
share.

The Company wanted to issue shares in lieu of cash for the settlement with
creditors of Ringdale UK Ltd. ("Ringdale") so as to successfully complete the
Company Voluntary Arrangement ("CVA") of that company.  The benefit to the
Company is that Ringdale is no longer in a CVA and it can expand by exploiting
and increasing the value of the Ringdale brand.

To cost-efficiently raise the required funds the Directors issued these shares.
The shares were allotted on the Directors' authority received by the
shareholders to allot up to 9.9% of the Company's shares for equity.

The 48365 shares allotted amount to 2.298% of the Company's enlarged allotted
share capital.

Application has been made to the UK Listing Authority and the London Stock
Exchange for the listing of these 48365 shares.


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