Issue of Equity

30 April 2010 PipeHawk Plc ("Pipehawk" or the "Company") Subscription to raise £150,000 The Company announces that it has raised £150,000 by way of a subscription of 3,333,334 new ordinary shares ("Ordinary Shares") ("the Subscription Shares") at 4.5p per Subscription Share (the "Subscription Price") with Mr Stuart Hamilton ("the Subscription"). The Subscription is conditional on admission to trading on AIM ("Admission"). PipeHawk intends to use the proceeds of the Subscription for working capital generally. Following the Subscription, Mr Stuart Hamilton will hold a total of 4,583,334 ordinary shares in the capital of the Company, equivalent to 13.88 per cent. of the enlarged issued voting share capital of Pipehawk. The Subscription is conditional upon Admission. The Subscription Shares, when issued and fully paid, will rank equally in all respects with the Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after Admission. Application has been made to the London Stock Exchange for the admission to trading on the AIM market of the Subscription Shares. It is expected that Admission will become effective and dealings in such shares will commence on 7 May 2010. Following the admission of the Subscription Shares, the Company will have 33,020,515 Ordinary Shares in issue. Enquiries: PipeHawk Plc Gordon Watt (Chairman) 01420 590 990 Merchant John East Securities Limited David Worlidge 020 7628 2200 Simon Clements [HUG#1410263]