Traction Technology PLC
03 April 2007
FOR IMMEDIATE RELEASE 3 April 2007
TRACTION TECHNOLOGY PLC ('Traction' or 'the Company')
Issue of Equity to Adviser
The Company announces that pursuant to the agreement which was referred to in
the Admission Document of 18 December 2006, 71,428 new ordinary shares of 3p
each ('the Adviser Shares') will be issued to satisfy £20,000 of the corporate
finance fee payable to Beaumont Cornish Limited.
The Adviser Shares will rank, pari passu, with all existing ordinary shares and
application has been made for them to be admitted to trading on AIM.
Contact: Nicholas Brayshaw, Chairman, Traction Technology Plc
+44 (0) 1403 791392
Roland Cornish, Beaumont Cornish Limited
+ 44 (0) 207 628 3396
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