Admission to AIM

Surface Transforms PLC 24 September 2002 Surface Transforms plc 24 September 2002 Surface Transforms plc starts trading on AIM Surface Transforms plc ('Surface Transforms' or 'The Company'), makers of carbon ceramic friction materials, is pleased to announce the admission of its shares to trading on the Alternative Investment Market ('AIM') from today. The Company raised £1.3 million (excluding costs) through the issue of 1,446,757 new ordinary shares in a Placing and Offer for Subscription at 90p per ordinary share. Julio Faria, Managing Director of Surface Transforms, said: 'We are delighted to have achieved our main objective and to have successfully made the move to AIM. The money raised, although not the maximum available under the Offer, still gives us scope to continue to grow the business. Our first priorities are the aircraft project and F1/motorsport applications. As always, we will make sure every pound is spent wisely and will continue to run as leanly as possible in order to get maximum benefit from shareholders' funds.' For further information please contact: David Levis Neil Boom Commercial Director Managing Director Surface Transforms plc Gresham PR Ltd. 01928 735 498 020 7404 9000 Neil Baldwin Brewin Dolphin Securities 0113 241 0126 Notes to editors Surface Transforms is developing and manufacturing a new generation of carbon fibre reinforced ceramic (CFRC) materials for use in brake, clutch and other non-friction applications. The materials are characterised by their ability to withstand very high temperatures (up to 2000 deg C) whilst being lightweight (up to 70% lighter than steel), and have applications in a number of markets including aircraft, Formula 1, high-speed rail, road cars and heavy goods vehicles. New markets for the material continue to be explored, including non-friction market applications such as those now being developed for BAE Systems. Formed in 1999, the origins of the company date back to 1992 when the business was founded in order to exploit new patents relating to materials and processes obtained from ICI Plc. The business soon became involved in a DTI sponsored LINK programme for the development of a novel low cost manufacturing process for carbon composite brakes for very high speed trains. In 2002, the company began supplying test pieces to BAE Systems for a non-friction application. Initial results from test results have been highly encouraging, and further testing has now been commissioned. This information is provided by RNS The company news service from the London Stock Exchange