NTY Network Tech.

RNS Number:6748V
Network Technology PLC
20 February 2004


NETWORK TECHNOLOGY PLC ANNOUNCEMENT

Further to the previous announcement on 6th February 2004 relating to the
consolidation of its shares, the Chairman of Network Technology Plc, Klaus
Bollmann, informs the Company's shareholders that the Company is now applying
for the catch up issue of 1,055,056 Ordinary shares (52752 consolidated Ordinary
shares) which are included in the figure of 1,846,712 consolidated Ordinary
shares alreadyallocated.  Ordinary shares were allotted to a German and a UK
investor in Ringdale Inc. in 1998 to get all the shares for the US Ringdale
brand back into Network Technology's control.  The two investors provided
US$100,000.00 in cash to establish the US Ringdale entity in 1998 and NT swapped
their interest in Ringdale Inc. for shares in NT as disclosed in the Annual
Accounts of 1998 and 1999.  Additionally, a German investor co-established
Ringdale GmbH with Network Technology and this was also bought back from that
investor by swapping NT shares for his interest in Ringdale GmbH.  The total
consideration for both transactions amounted to 301,794 Ordinary
non-consolidated shares.  Those shares were allotted and registered but not
listed at the time.

During the period of 2000 to 2003 the directors had the approval of the
shareholders to allot up to 9.9% of shares for emergencies and on one occasion
The Woodgate Trust invested a total of #21,000 into the Company.  The purchase
price was above market value and at par with the nominal value of the shares.
Those transactions were announced to the market at the time they were made as
the party could have been seen as related.  The following Annual Report also
reflected the increase of allotted shares. The shares were registered but not
listed.

Further shares were placed with another two US investors.  Here also the
purchase price was above market value and at par with the nominal value of the
shares.  Those transactions were not announced as they were parties not related
as well as the transactions not having been of significance.  The following
Annual Report also reflected the increase of allotted shares as well as the
specific interest of Woodgate Trust.  The shareswere registered but not listed.

A former auditor of the Company was recompensed in shares so improving the
Company's balance sheet by the amount owed to them totalling #48,000.00 and
avoiding additional costs to the Company.  The following Annual Report also
reflected the increase of allotted shares.  The shares were registered but not
listed at the time.

This accounts for all shares to be listed since the last listing of additionally
allotted shares since the Company's listing on the London Stock Exchange.


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