TIME Time Finance Plc

Business Update For Immediate Release 15th March 2005 Timestrip plcsupplies smart label technology to Ocado - a UK leading online grocer Timestrip plc, which markets an inexpensive and versatile label technology for accurately measuring lapsed time, is pleased to announce further progress in its strategy of marketing its technology to a mass market consumer customer base. The Group has entered into a supply agreement with Ocado, one of the UK's leading online grocers, to sell Timestrip� retail packs among its range of grocery and household products currently available to a third of UK households. The retail pack, available in April, will comprise of 25 disposable, self-adhesive timestrip� smart-labels measuring time of up to 14 days in the fridge and will allow consumers to monitor how long refrigerated produce has been open by simply activating the timestrip� and attaching it to food stuffs. This product has been approved and certified by the Good Housekeeping Institute and will retail at �1.99. Reuben Isbitsky, joint CEO and Founding Director of Timestrip plc commented: "We are very excited that our retail product has been selected by Ocado, which has a proven track record of providing high quality goods and unrivalled customer service. We believe that this online retail agreement, which Ocado is marketing to key customers nationwide via the distribution of sample timestrip� packs, will showcase the strength of both our technology and product offering, which has significant mass market applications and will drive its growth as a household recognised brand." For further information: Paul FreedmanReuben Isbitsky Joint CEOs, Timestrip plc 01462 440700 Shane Dolan, Biddicks 0207 448 1000 END DATASOURCE: TIMESTRIP PLC

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