THE BUTTON IS PRESSED THAT OPENS AIM FOR TRADING

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THE BUTTON IS PRESSED THAT OPENS AIM FOR TRADING
02 March 2005 - Sarantel Limited

Sarantel today announced completion of its Admission to AIM and the commencement of trading in its Ordinary Shares. The Company raised approximately £16.7million (net of expenses) through a placing by Arbuthnot Securities of 21,951,220 ordinary shares at 82 pence per share.

The Placing Shares represent approximately 42 percent of the Enlarged Share Capital of the Company following Admission.

On Admission, Sarantel had a market capitalisation of approximately £43.0 million. Arbuthnot Securities Limited, nominated adviser and broker to Sarantel placed all of these shares with institutional and other investors. Sarantel will be included in the IT Hardware sector (93) within the Telecommunications equipment sub-sector (938) and will have a RIC code of SLG.L.

Commenting on the Admission, David Wither, CEO said: "We are very pleased to have had such an overwhelmingly positive response to our fund raising and are delighted to be joining AIM today. The money raised and the profile the listing gives us will help us with our ambition to position Sarantel as a major supplier of antenna technology to the wireless devices market worldwide."

For further information please contact:

Smithfield, Placement PR Agent for SarantelSara Musgrave/Reg HoareTel: +44 (0)20 7360 4900

Sonia Panchal, Fuse PR for SarantelTel: +44 (0) 20 8956 2303Email: sonia@fusepr.com

Arbuthnot SecuritiesTom Griffiths/Richard DunnTel: +44 (0)20 7012 2000

Arbuthnot Securities Limited, which is authorised and regulated by the Financial Services Authority, is acting for the Company only and will not be responsible to any other person for providing the protection afforded to customers of Arbuthnot Securities Limited or for advising such person on the matters referred to in this announcement. Arbuthnot Securities Limited has not approved the contents of, or any part of, this announcement.

http://www.sarantel.com

About: Sarantel Limited
Sarantel is a world-class manufacturer of miniature antennas based on its revolutionary PowerHelix™ filtering antenna technology. From humble beginnings, the company has grown significantly. Founded in 2000 as a VC-funded technology spin-off headquartered in a garage, the company now employs over 100 in locations across the globe. In 2004 the European Tech Tour identified Sarantel as one of the Top 25 high growth technology companies in the UK. In March 2005, Sarantel floated on the London Stock Exchange's AIM market, and in August 2005 Sarantel shipped its one-millionth antenna.

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