Placing

Transense Technologies PLC 2 October 2001 2 October 2001 Transense Technologies plc - Placing for cash Transense Technologies plc ('Transense' or 'the Company') announces that today it raised £2 million by way of a placing of 195,122 new ordinary shares of 10p each in the capital of the Company at a price of 1025p per share ('the Placing'). The Placing, which was with an existing institutional shareholder, was conducted on a non pre-emptive basis pursuant to the relevant authorities conferred by shareholders at general meeting. The new ordinary shares placed pursuant to the Placing represent approximately 1.6 per cent. of the issued share capital of the Company prior to the Placing and 1.5 per cent. of its enlarged share capital. The new Transense ordinary shares issued as part of the Placing will rank pari passu in all respects with all other existing issued Transense ordinary shares, including the right to participate in the Bonus Issue which was announced on 4 September 2001 and for which the record date is close of business on 2 October 2001. Commenting on the Placing, Jim Perry, Chief Executive of Transense, said: 'While our current trading is in line with expectations, we have taken advantage of the opportunity which was presented to us to strengthen our balance sheet, thereby giving added confidence to our shareholders, customers and suppliers.' For further information, please contact: Jim Perry, Chief Executive 01869 238 380 Transense Technologies plc www.transense.co.uk John Coyle 020 7713 0900 Clerkenwell Communications 07770 687 370 07699 727 796 (pager) END