Further investment and update - Portr Ltd

12 May 2014 Vela Technologies PLC ("Vela" or the "Company") Further Investment and Update - Portr Limited ("Portr") Vela Technologies, the investing company focussing on early stage and pre-IPOtechnology investments, is pleased to announce a further investment of £50,000by way of a cash subscription for 17,235 new ordinary shares of 0.01p each ininvestee company, Portr. The additional investment by Vela is part of a £500,000 funding round by Portr at a price of some 290p per share and bringsVela's total investment in Portr to £100,000, with an enlarged shareholding of49,731 shares representing approximately 2.9 per cent of Portr's enlargedissued share capital. The additional investment by Vela follows the launch by Portr of its service atLondon City Airport ("LCA") on 1 May 2014 with full operations expected tocommence on 22 May 2014. The service is designed to enable visitors to Londonto book luggage transfers between their destination airport, hotel, servicedapartment or office. Portr employs leading-edge technology across its webbooking platform and logistics engine, integrated with leading same-day andspecialist logistics provider CitySprint UK who will be managing and deliveringthe white-glove AirPortr® operation. Vela Technologies believes the AirPortr® service will be well suited to thebusiness traveller flying in and out of LCA, where the need for speed,convenience and productivity is heightened. Portr continues to works towardslaunch of its service at one or more additional London airports later thisyear. During the 18 month pre trading period from incorporation to 26 December2013, Portr made unaudited losses of £266,000 and as at that date had netliabilities of approximately £1,000. For further information: Vela Technologies plcBrent Fitzpatrick, Non-Executive ChairmanAntony Laiker, Director 07802 262443 ZAI Corporate Finance, Nomad 020 7060 2220Peter Trevelyan-Clark/Tim Cofman/Wei Wang Hume Capital Securities plc, Broker 020 3693 1470Jon Belliss Newgate Threadneedle 020 7653 9850Graham Herring/Heather Armstrong About Portr: Portr Limited a traveltech company incorporated in London in 2012, hasdeveloped Europe's first concierge-focused luggage transfer service, AirPortr®,which will initially be operating between London's airports, hotels, servicedapartments and offices. Established predominantly to serve the significantnumber of foreign business and leisure passengers who travel to London everyyear and meet the needs of the modern traveller. Portr, which is an OfficialPartner of the Mayor's promotional organisation London & Partners, will bemarketing the service internationally enabling passengers to book at airports,online, via smartphones or through one of the Company's partner airlines andhotels. Further information about the Company and its services can be found atwww.portr.com.