News

Exercise of Warrants

3 April 2007

SPDG Technologies Plc (PLUS Market: SPDG) is pleased to announce that Hawkwood Fund Management Limited on behalf of its two funds, Mukwa Investments Limited and Yew Tree Investments Limited, have exercised warrants for 1,500,000 shares respectively at an exercise price of GBP 0.05 yielding additional income to the company of GBP 150,000.

Mukwa Investments Limited, a shareholder of Hawkwood Fund Management Limited, has become a substantial shareholder as a result of the exercise of the warrants. Whilst controlled by Hawkwood Fund Management Limited there is no single beneficial or controlling shareholder of this fund which has multiple shareholders.

The total number of shares issued and outstanding after the issuing of these shares is 127,225,827.

Michael Cunningham OBE - Chairman and Chief Executive of SPDG commented; "I am delighted with this expression of confidence and support from an existing and valued institutional investor. The cash injection will take the Company further toward first sales revenues".