RNS Number:2276M
Pursuit Dynamics PLC
12 June 2003

               Pursuit Dynamics PLC ("Pursuit" or "the Company")

                                    Placing

Pursuit Dynamics PLC has raised #0.5 million net of expenses through the placing
of 1,907,904 new ordinary shares of 1p each at a price of 29 pence per share.
The funds, raised through a conditional placing with institutional investors,
will provide additional working capital for the Company.

Pursuit CEO John Heathcote said:

"We started formal marketing of our PDX System to the process industries in the
UK last month. The response from these, and other interested industry sectors
both here and abroad, has been extremely encouraging. The proceeds from this
placing will allow us to expand our marketing effort, which I am confident will
take us through to revenue generation during 2003."

The new ordinary shares have been conditionally placed at 29 pence per share, a
discount of 13.4% to yesterday's closing mid-market share price of 33.5 pence
per share.  The placing is conditional upon admission of the new shares becoming
effective on or before 20 June 2003 (or such later date as the Company and
Durlacher Limited may agree, being no later than 30 June 2003).

Application will be made for the new ordinary shares to be admitted to trading
on the AIM Market of the London Stock Exchange with dealings expected to
commence on Wednesday 18 June 2003. The new ordinary shares will rank pari passu
in all respects with the existing shares in issue.

Pursuant to sections 324 to 328 of the Companies Act 1985 and rule 15 of the AIM
Rules the following information falls to be disclosed.

                                  Director     % of Original   % of Enlarged 
                              Shareholding         ISC             ISC      

       Ronald C Trenter           185,000         0.48%           0.46%     
       John G M Heathcote      13,125,600         34.40%          32.76%    
       John H Clarke            3,260,000         8.54%           8.14%     
       Gary S Pyle                 50,000         0.13%           0.12%     
       Peter Taylor             1,527,641         4.00%           3.81%     

For further information, please contact:

John Heathcote
Chief Executive Officer                          01763 250592

Gary Pyle
Financial Director                               01763 250592

Durlacher Limited
Matthew Robinson/David Rae                       020 7459 3600

Public Relations
Hugo de Salis
St Brides Media & Finance                        020 7242 4477


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

IOEKFLFFXQBLBBV