Flintstone holds 31.45% of the equity in Hardide with a 60% Discount to NAV

Flintstone Technologies plc

("Flintstone" or the "Company")

Update Re. Investment

Flintstone Technologies plc, the specialist in commercialising technologies
sourced mainly from Russia, is pleased to announce that one of its portfolio
companies, Hardide Plc ("Hardide") successfully listed on the Alternative
Investment Market of the London Stock Exchange yesterday with a market
capitalisation of approximately ?12.75 million, at the placing price.
Flintstone holds 31.45% of the equity in Hardide (40,098,075 shares). Hardide
provides unique surface engineering technologies for increasing the life of
metal and alloy components.

David Chestnutt, Chief Executive, commented,

"I am delighted with the significant increase in the value of our investment in
Hardide and excited about the opportunities that its AIM listing will provide
as it moves forward into this important phase in its development."