9 April 2008

The Company has been progressing a number of opportunities in the Legal IT sector, none of which would individually
constitute or involve a reverse takeover, and may or may not proceed in the short term. The Company is also due to
announce its preliminary results for the year ended 31 December 2007 in April, and sales of the group's 'PowaCycle'
branded range of electric bicycles progressed well during 2007 and continue to do so in 2008.

However, the Company is not aware of any specific reason for the recent movement in share price.

Enquiries:

Ultima Networks plc                  +44 (0) 1279 821 200
Robert Piper, FD

Nexus Financial Ltd                  +44 (0) 207 451 7068
Nicholas Nelson/John Mundy           Nicholas.nelson@nexusgroup.co.uk

Blomfield Corporate Finance Limited  +44 (0) 207 512 0191
Alan MacKenzie