EMM Disclosure

    FORM 38.5 (SUMMARY)
Lodge with Company Announcements Office and the Panel. Use a separate form for each class of securities in which
dealings have been made.



CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM....KBC PEEL HUNT LTD.....................................

Date of disclosure....24 FEBRUARY 2005...............................

Contact name....STEVE DAVEY..........................................

Telephone number....020 7418 8941....................................

Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:

AIRBATH GROUP PLC....................................................

.....................................................................

.....................................................................


 

AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please state which element(s) of previous
disclosure was incorrect:

.....................................................................

.....................................................................

.....................................................................

In the case of option business or dealings in derivatives full details should be given on a separate sheet so that the
nature of the dealings can be fully understood. For options this include the number of securities under option, the
exercise period (or in the case of exercise, the exercise date), the exercise price and any option money paid or
received. For derivative this should include, at least, the number of reference securities to which they relate (when
relevant), the maturity date (or if applicable the closing out date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code. If in doubt contact the Monitoring
Section of the Panel, Tel. No: 020 7638 0129



FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in.....AIRBATH GROUP PLC....................(name of company)

Class of security....ORDINARY.......................................

Date of disclosure....24 FEBRUARY 2005..............................

Date of dealing....23 FEBRUARY 2005.................................

Name of EMM....KBC PEEL HUNT LTD....................................

Name of offeree/offeror with whom connected....AIRBATH GROUP PLC....

Total number of securities purchased....NIL.........................

Highest price paid*.................GBP £0.00.......................

Lowest price paid*..................GBP £0.00.......................

Total number of securities sold.........144,100......................

Highest price received*.............GBP £0.0115......................

Lowest price received*..............GBP £0.0115......................

*Currency must be stated