Prospective fundraising of approximately £1m

TYRATECH, INC.

("TyraTech" or the "Company")

Prospective fundraising of approximately £1m

On 24 February 2010, TyraTech announced its unaudited preliminaryresults for the year ended 31st December 2009. In his statement and operationalreview the Chairman noted that whilst the Company's cash balance was "lower thanwe would like and though we believe that this could be sufficient to fund the businessthrough 2010 and beyond, the margin for slippage would be limited and the potentialof the business may not be fully realised."

Whilst the board believes that the business of the Group continuesto perform broadly in line with expectations, it is aware, based on current cashflow forecasts and the likely timing of certain cash receipts due to be paid in June,that the Company's working capital headroom may fall to below £50,000 during thelatter half May.

Accordingly, the board announces that it is commencing a fundraisingto provide adequate short term working capital headroom. The Company has currentlyreceived expressions of interest from potential subscribers totalling approximately£1 million such that the board is confident that this fundraising can be concludedshortly.

A further announcement will be made in due course.

Enquiries:

Company

Alan Reade

Buchanan

Lisa Baderoon

Catherine Breen

Stasa Filiplic

020 7466 5000

Nomura Code Securities Limited

Chris Collins

Richard Potts

020 7776 1200