As required by sections 198 to 202 of the Companies Act 1985 (as amended) and rule 15 of the AIM Rules the following information falls to be disclosed:

The Company was informed on Friday 19 December 2003 by Cantor Fitzgerald Europe that on 18 December it had acquired 650,000 ordinary shares representing 3.09% of issued share capital of the Company.

The 2,118,408 ordinary shares were placed by the Company's broker, J M Finn.

Contacts:

Gordon Watt, Chairman, PipeHawk plc Tel: 01420 590990