RNS Number:7207T
Timestrip PLC
06 May 2008



                         Timestrip Plc (the 'Company')

                          Subscription by the Company


The Company is pleased to announce that it has raised #1,162,512, before
expenses, through a subscription by the Company of 53,820,000 new ordinary
shares of 0.02 pence each ('New Shares') at a price of 2.16 pence per share (the
'Subscription Price'). The net proceeds from the Subscription will be
#1,024,035. The Subscription Price represents a discount of 25 per cent. to the
closing middle market price of the Company on 2nd May 2008 (being the latest
practicable date prior to the organisation of the Subscription). The New Shares
will represent approximately 17% per cent. of the current issued share capital
of the Company.

The Subscription is conditional upon admission of the New Shares to trading on
AIM.

The Company is actively engaged in negotiations to secure new contract wins and
is also in discussions with third parties wishing to license its IP in order to
manufacture in local markets. The funds raised from the subscription will be
used for the ongoing working capital and capital expenditure requirements of the
Company in its efforts to secure these contracts and license deals over the
coming months.

Application will be made for the New Shares to be admitted to trading on AIM and
dealings are expected to commence on 9th May 2008.


6 May 2008


For more information, please contact:

Paul Freedman, Joint CEO, Timestrip plc         01462 440 700
Shane Dolan, Biddicks                           020 7448 1000
Bobbie Hilliam, Evolution Securities            020 7071 4300




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

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