ULTIMA NETWORKS PLC
                         ('Ultima' or 'the Company')

         Ultima establishes Italian subsidiaries and purchases 22 hectares 
                of land for the development of 3 MW Solar Park


21 November 2008

Ultima is pleased to announce it has completed the purchase of 22 hectares of land in the Puglia region of Southern Italy at a cost of approximately (Euro's)
Euro600,000  and the establishment of three Italian subsidiaries (Ultima Italia srl, Harlicon srl and Lecsolar srl) with the intention of each developing a 1
Mega Watt Solar Park. The project, which is still subject to planning permission being granted, builds upon Ultima's existing experience and capability in the
solar market, the Company having distributed and installed solar panel equipment for the past 8 years and utilised rechargeable solar power technology for
powering the Company's range of electric bikes.


The project will have access to the Italian Government's market leading tariffs and will be sited in the south of Italy
taking advantage of naturally high solar irradiation providing excellent conditions for the efficient generation and supply
of solar generated electricity.The project provides a platform for the Company to deploy its existing and growing expertise
in the field of solar energy provision and to participate in a
rapidly growing market sector.


Enquiries:

Ultima Networks Plc                                    01279 821 200
Humayun Mughal, Chairman and Chief Executive
Anthony Klein, Finance Director
Geoff Pick, Marketing Manager (Press enquiries)

Blomfield Corporate Finance Limited                    020 7489 4500
Alan MacKenzie
James Pinner

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