19 November 2009

NXT plc ("NXT" or the "Company")

Placing

NXT plc, a provider of unique sound solutions, best known for its flat panel loudspeaker technology, has today raised approximately £0.2 million (before expenses) through a placing of 1.3 million new ordinary shares of 1 pence each at a placing price of 15.5 pence per share.

The Company has raised sufficient funds to finance the consideration for the Immersion licence announced separately today, by placing shares with an Institutional Investor. 

The placing was undertaken pursuant to a resolution of the shareholders at the Company's Annual General Meeting in November 2008 which approved the disapplication of shareholders' pre-emption rights in relation to the issue of equity securities up to an aggregate nominal amount of £71,802.11.

Application has been made to the Financial Services Authority for the new ordinary shares to be admitted to the Official List and to the London Stock Exchange for the new ordinary shares to be admitted to trading on the London Stock Exchange's main market for listed securities.  The placing is conditional upon admission, which is expected to become effective, and dealings in the new ordinary shares will commence at 8.00 am on 25 November 2009.  The placing shares will, when issued, rank pari passu in all respects with the existing ordinary shares.

For further information, please contact:

Singer Capital Markets

Media enquiries:

Allerton Communications