Placing and Open Offer Update

28 November 2012

Pursuit Dynamics plc

Placing and Open Offer Update

Further to Company's announcement of 12 November 2012, Pursuit Dynamics plc (AIM: PDX, "PDX" or "the Company"), the developer of the PDX Atomiser and PDX Reactor products and technology, announces that, following negotiation with its landlord, it has achieved material improvements in the terms of its property lease and accordingly the Lease Variation condition described in the announcement has been satisfied.

Shareholders are reminded that the General Meeting to approve the Fundraising will take place at 10.00 a.m. on 3 December 2012 and forms of proxy should be returned as soon as possible and in any event so as to be received by 10.00 a.m. on 1 December 2012.

Defined terms used in this announcement have the meanings given to them in the Company's announcement of 12 November 2012

Enquiries:

Pursuit Dynamics plc 01480 422 050

Hagen Gehringer

Bernie Bulkin

Cenkos Securities plc, Nominated Adviser and Broker 020 7397 8900

Ian Soanes

Max Hartley

M: Communications 020 7920 2339

Nick Miles

Elly Williamson