Cancellation of Warrants

Knowledge Technology Solutions PLC 04 September 2003 Knowledge Technology Solutions Plc ('KTS' or 'the Company') Cancellation of Founder Warrants At the time of the Company's flotation in November 2000, the Company issued 50,000,000 Founder Warrants. The terms of the Founder Warrants enabled the holder to subscribe for Ordinary Shares in the Company at a price of 0.1p per share. The Company has reached agreement with the holders of all the Founder Warrants that, for nil consideration, the holders will surrender for cancellation by the Company all of their Founder Warrants. All Founder Warrants have been surrendered by their respective holders: Number of Founder Warrants Holder ____________________________________________________________ 20,000,000 Smartshares Inc. * 10,000,000 Tipakorn Anuvatnujotikul ** 10,000,000 Smit Berry 7,500,000 Ennis International Ltd 2,500,000 Rosedene Investments Ltd ___________________________________________________________ 50,000,000 ____________________________________________________________ * representing the interests of Dr Marc Pinter-Krainer ** jointly held with Paul McGroary This information is provided by RNS The company news service from the London Stock Exchange