NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Robotic Technology Systems plc ('RTS' or the 'Company')

Withdrawal of possible offer by Industrial Acquisition Vehicle Limited ('IAV')

On 13 May 2009, the board of RTS announced that the Company was in talks which might or might not lead to an offer for the entire issued share capital of the Company and that there was no certainty that the talks would result in such an offer. 

On 5 June 2009, IAV announced that it had acquired a 24.5% shareholding in the Company and that it was in discussions with the board of the Company with regard to a possible offer for its entire issued share capital.

IAV wishes to inform that it has been unable to agree price and terms with the board of RTS for a full takeover offer for the Company and, accordingly, is no longer considering making such an offer.

IAV nevertheless remains the Company's largest shareholder and expects to support the Company in developing a successful and profitable strategy over the coming months.

Important Notice

Under Rule 2.8 of the City Code on Takeovers and Mergers ('City Code'), and except with the consent of the Panel, the statement detailed above will prevent IAV or anyone acting in concert with it from announcing an offer or possible offer for RTS or taking certain other action within the next six months unless there has occurred an event which is specified as enabling the statement to be set aside. Accordingly, for the purposes of Rule 2.8 of the City Code, IAV reserves the right (on behalf of itself and anyone acting in concert with it) to announce an offer or possible offer for RTS and/or to take any other action which would otherwise be restricted under Rule 2.8 of the City Code within the next six months in the event that:

(i)    the agreement or recommendation of the board of RTS is forthcoming;

(ii)    a third party announces an offer or possible offer for RTS;

(iii)    RTS announces a 'whitewash proposal' or a 'reverse takeover' (each as defined in the City Code);or

(iv)    there is a material change in circumstances.

The City Code does not place any restrictions on IAV's ability to acquire any of the assets of RTS.

Enquiries: 

H2W Partners 

(Financial Adviser to IAV)

Chris Heminway

Tel: 07802 30 55 79