Convertible Loan Note

    RNS Number : 9819W
  Appian Technology PLC
  18 June 2008
   

    Appian Technology plc / Ticker: APN / Market: AIM / Sector: Technology
    18 June 2008
    Appian Technology plc ('Appian' or 'the Company')
     Further issue of Convertible Loan Notes 2010 (the "Convertible Loan Notes")
    and
    Issue of Convertible Loan Notes 2013

    Appian Technology plc, the AIM listed provider of Automatic Number Plate Recognition systems ('ANPR') and traffic management products
and solutions, announces that it has raised a further £263,000 following the issue of Convertible Loan Notes.  The Convertible Loan Notes
are on the same terms as those announced on 31 March 2008, which are unsecured, bear an annual interest rate of 8.25 per cent. payable
quarterly in arrears and are convertible at any time into ordinary shares of £0.01 in Appian at 4 pence per share. Unless previously
purchased, redeemed or converted, the Convertible Loan Notes will be repaid at par in four equal instalments on 30 June 2009, 30 September
2009, 31 December 2009 and 31 March 2010. This brings the total raised to £990,957 pursuant to the issue of the Convertible Loan Notes.

    In addition, the Company announces that it has raised a further £250,000 following the issue of Convertible Loan Notes 2013 under the
same terms as set out above, but to be repaid in May 2013. 

    * * ENDS * *

    For further information visit www.appian-tech.com or contact:
    Pat Ryan                               Appian Technology plc                  Tel: [phone]
    Tom Griffiths                         Arbuthnot Securities                      Tel: [phone]    
    Hugo de Salis/Chris Welsh    St. Brides Media & Finance Ltd    Tel: [phone]

    Notes to Editors:
    Appian Technology plc provides high tech products for automatic number plate recognition (`ANPR'), vehicle identification, modern
traffic management, parking guidance and car park management problems for the surveillance, counter terrorism, access control and congestion
charging markets.  Its key products are Talon (`ANPR') and Navigator PGI (parking guidance information system), as well as TalonSP, a
software based version with all the functionality of Talon, which is capable of running a number of cameras on any modern PC platform.  The
Company also has a range of highly advanced number plate reading cameras.  

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