RESULT OF RIGHTS ISSUE

Pursuit Dynamics plc

("PDX" or the "Company")

RESULT OF RIGHTS ISSUE

PDX announces that it has received valid acceptances in respect of 1,051,414 Rights Issue Shares representing approximately 11.2 per cent. of the total number of Rights Issue Shares offered to Qualifying Shareholders pursuant to the 1 for 8 Rights Issue which was announced by PDX on 15 December 2011 and which closed at 11.00 a.m. on 9 March 2012.

The remaining 8,331,494 Rights Issue Shares will be taken up by the underwriters.

It is expected that the Rights Issue Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. on 12 March 2012, and definitive share certificates in respect of the Rights Issue Shares in certificated form will be dispatched to Shareholders by 26 March 2012. It is expected that the Rights Issue Shares will commence trading fully paid on the London Stock Exchange on 12 March 2012.

There are no net proceeds for those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue.

All defined terms used in this announcement have the meanings given to them in the prospectus posted to Shareholders on 22 February 2012.

For further information, please contact:

Enquiries:

Pursuit Dynamics plc 01480 422 050

Jeremy Pelczer

Richard Webster

Cenkos Securities plc 020 7397 8900

Ian Soanes

Max Hartley

Mirabaud Securities LLP 020 7878 3360

Rory Scott

M:Communications 020 7920 2339

Nick Miles

Elly Williamson