Issue of Equity

RNS Number:2610T
Tecteon PLC
15 December 2003



                    Tecteon PLC ("Tecteon" or "the Company")

                         Placing and Additional Listing

Tecteon has today made application for the admission of 12,000,000 new ordinary
shares of 5p each in the Company to trading on the Alternative Investment Market
of the London Stock Exchange. These shares have been issued pursuant to a
placing for cash at 5p per share to raise #600,000 before expenses to be used as
additional working capital.

The new ordinary shares will rank pari passu in all respects with the existing
ordinary shares of the Company and dealings in the new ordinary shares of the
Company are expected to commence on 19 December 2003.

Masoud Alikhani, Chairman of Tecteon commented:

"This funding which, similarly to our one in September, is again at a premium to
the prevailing market price, will allow Tecteon to increase its marketing effort
and therefore hopefully increase the order flow and allow us to achieve
break-even sooner than expected. As we forecast in September, initial sales have
now been made and we are optimistic that the first major order will be received
in the first half of 2004."

For further information contact:


Masoud Ahmadi, Managing Director
Tecteon plc                               020 7408 1181

Michael Padley / Susan Scott
Bankside Consultants                      020 7444 4140




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

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