Further Update

Transense Technologies PLC 21 November 2007 Transense Technologies plc ('Transense' or the 'Company') Further update Further to the Company's announcement on 16 November 2007, the Company has now completed its assessment of its position and is pleased to announce that it has today entered into a subscription agreement with Peter Lobbenberg, an existing shareholder in the Company, for the subscription (either by himself or through connected persons) of 1,043,500 Ordinary Shares in the Company at 23 pence per share, raising a total of £240,005 for the Company. The proposed subscription does not require shareholder approval, is unconditional and is expected to complete within the next 10 business days. Peter Lobbenberg has notified the Company that (excluding the Ordinary Shares to be acquired pursuant to this subscription) he is currently interested in 2,625,936 Ordinary Shares in the Company, representing 4.62% of its issued share capital. The Directors believe that this subscription will mean that, in the absence of unforeseen circumstances, the Company will have sufficient working capital until the end of February 2008. The Company is now seeking to undertake an additional fundraising before the year end. To this end, discussions with certain shareholders of the Company (including Peter Lobbenberg), who have indicated they would support a fundraising for in excess of £3 million of Ordinary Shares at a minimum of 23 pence per Ordinary Share, are progressing well. The Company is working to finalise this expeditiously although final legal documentation has yet to be agreed and the details have not yet been discussed with the Company's financial advisers. Shareholder approval by way of a special resolution will be required for such fundraising. Failure to effect such an additional fundraising before the end of February 2008 could result in the Company having to cease operations. The Company is now focusing on securing this fundraising and on its current trading activities. A further update on the fundraising will be announced in due course and the Company expects that trading in its shares will recommence immediately. Enquiries: Transense Technologies plc 01869 238 380 Jim Perry / Peter Woods Noble & Company Limited 020 7763 2200 John Llewellyn-Lloyd / Graeme Bayley This information is provided by RNS The company news service from the London Stock Exchange