Proposed Placing

20 April 2011

Pursuit Dynamics PLC

("Pursuit" or "the Company")

Proposed Placing

The Board of PDX, the developer of the PDX platform technology, has approved and is pleased to announce a proposed placing (the "Placing") of 3,200,000 new ordinary shares of 1p each in the share capital of the Company ("Placing Shares") at £2.50 per share; this will raise £8 million before expenses.

PDX has entered into a placing agreement pursuant to which the Placing Shares have been conditionally placed with institutional investors on behalf of the Company.

Mirabaud Securities LLP, as brokers to the Company, arranged the Placing.

Roel Pieper, CEO of PDX, commented: "I am pleased to announce this proposed placing that will provide us with the capital to accelerate our growth into 2012 and beyond. We have seen a strong interest in supporting the company with this investment round which is very encouraging."

The Placing will provide PDX with capital to accelerate the development of the Bio Fuels (ethanol) business well above the previously planned targets for FY2012, also as a result of the progress made to date with the current three installations. In addition, with the Kaercher agreements signed recently, additional development of products with Kaercher Futuretech GMBH can be funded. Finally, as a result of increased licensing partner interests in PDX technologies, the Company will be able to provide significant resource investments to exploit these fast developing industrial licence activities better. A full statement providing an update on each of the lines of business will be released on May 24th with the interim results.

Application has been made for the Placing Shares to be admitted to trading on AIM and it is anticipated that admission will become effective and that trading in the Placing Shares on AIM will commence on 28th April 2011.

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