Statement re R&D Funding

PipeHawk PLC 22 February 2002 Statement re R&D funding PipeHawk plc is pleased to announce that following an annual review by the European Commission, the company has secured continued EU backing for its work on Project Lotus, a programme intended to demonstrate the viability of a vehicle-mounted system for clearing anti-personnel land mines. The programme is designed to lead to a marketable commercial product using PipeHawk's ground penetrating radar (GPR) technology. In reaching its decision to provide continued funding for Project Lotus, the Commission noted that the project has a good mix of partners and is well positioned to demonstrate a step forward in the landmine detection process. PipeHawk is the lead technical project coordinator for the programme. Earlier EU trials have already established that PipeHawk's GPR technology can locate all types of mines with 100% success, uniquely meeting the 99.6% clearance rate deemed essential by the UN. The company has already been involved in three EC projects to improve mine detection techniques. Aside from pressing humanitarian issues, there are strong commercial reasons for extensive mine clearance - for example, in Angola, where a minefield as big as France is preventing exploitation of geological and other resources. For further information contact: Mike Bushell, Managing Director, PipeHawk plc: 01420 590990 Allan Piper, Blackstone Business Communications: 020 7251 2544 John Finn or Sam Smith, J M Finn & Co: 020 7860 6352 This information is provided by RNS The company news service from the London Stock Exchange