Placing for Cash-Replacement

RNS Number:0166R
Advanced Technology (UK) PLC
17 October 2003


This announcement replaces the Placing for Cash announcement released on the RNS
system, RNS no 0141R on Friday 17 October at 09.10. The heading has been amended
to better reflect the content of the announcement, no material details have been
changed.

                          Advanced Technology (UK) Plc

          Placing to raise #560,000 comprising #205,000 in Loan Notes
              and #355,000 in New Ordinary Shares at 10p per share

                                17 October 2003

Advanced Technology (UK) Plc has raised #560,000 from institutional and other
investors through the placing of #205,000 worth of 6 per cent loan notes ('Loan
Notes') and 3,550,000 new ordinary shares of 5p each ('New Ordinary Shares') at
a price of 10 pence per New Ordinary Share (together, the 'Placing'). The
advisers for the placing were Ruegg & Co. The #526,000 (net of estimated
expenses) so raised provides the Group with additional working capital, the need
for which was drawn to shareholders' attention in the Interim report.

The Loan Notes carry interest at the rate of 6 per cent per annum, payable
annually in arrears on 31 December. They are convertible into ordinary shares at
the option of the Loan Note holder at a price of 10 pence per new ordinary share
at any time prior to 31 December 2006, whereupon any which have not been
converted will fall to be redeemed in full.

The Placing is conditional on admission of the New Ordinary Shares to AIM.
Application has been made for admission of the New Ordinary Shares to trading on
AIM. Admission is expected to take place on 23 October 2003. The New Ordinary
Shares will rank pari passu with the existing issued ordinary share capital of
the Company. No application has been or will be made for the Loan Notes to be
admitted to AIM or any other investment exchange or securities market.

Any new ordinary shares arising on the exercise of Loan Notes in the future will
be allotted pursuant to authorities granted at the Company's AGM on 28 July
2003. Likewise, the New Ordinary Shares have been allotted pursuant to the same
authorities.

Under the terms of the Company's engagement with its advisers and distributors
for the purposes of the Placing, the advisers and distributors, are entitled,
inter alia, to be granted warrants to subscribe for up to a total of 305,000
shares in ATL at 10p per ordinary share, exercisable in whole or in part at any
time up to the fifth anniversary of the Placing.

The following directors of ATL have subscribed under the terms of the Placing:

                         Shares     % of issued     Resulting   Shareholding as
                  subscribed in  ordinary share    holding of   a percentage of
                    the placing         capital      ordinary   issued ordinary
                                 subscribed (as        shares     share capital
                                enlarged by the                 (as enlarged by
                                       Placing)                    the Placing)

  Greg Morgan         100,000            0.25         765,365            1.95

Enquiries:

Advanced Technology (UK) Plc           Tel: [phone]
John Howell, Chief Executive

David Collinson, Finance Director
College Hill
Matthew Smallwood                      Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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