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17 July 2014

Elektron Technology plc

("Elektron" or the "Company" or the "Group")

Result of Open Offer

Elektron Technology plc (AIM: EKT), the global technology group, is pleased to announce that it expects to raise £988,729 (before expenses) in the Open Offer previously announced on 23 June 2013 through the issue of 19,774,586 new ordinary shares of 5 pence each (the "Open Offer Shares") at a price of 5 pence per Open Offer Share. The Open Offer closed at 11am on 15 July 2014. Qualifying shareholders who validly applied for Open Offer Shares will receive the full amount of Open Offer Shares they applied for.

The New Ordinary Shares (in uncertificated form) are expected to be credited to CREST accounts on 18 July 2014 and definitive share certificates for the new ordinary shares (in certificated form) are expected to be despatched to certificated shareholders on or around 25 July 2014.

The Company intends to use the net proceeds of the Open Offer and previously announced placing to reduce its borrowings with the bank, to fund working capital requirements and to invest in new product development and marketing.

Certain directors and significant shareholders took part in the Open Offer through commitments announced on 23 June 2014 or participation in the Open Offer. The following table indicates the participation of those parties:

(1)  Inclusive of his Joint Share Ownership Plan interest held under the Elektron Technology 2012 Employee Benefit Trust

Application has been made to the London Stock Exchange for the Open Offer Shares to be admitted to trading on AIM. It is expected that such admission will occur at 8.00 a.m. on 18 July 2014 ("Admission").

Following Admission, the Open Offer Shares will rank pari passu in all respects with the existing ordinary shares in issue including the right to receive all dividends and other distributions declared. Following the Open Offer, the Company's total issued and voting share capital will comprise 186,099,851 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Notes to Editors

Elektron conceives, designs and markets innovative engineered products and services for businesses at its technology hub in Cambridge. It has a multi skilled team of engineers and product line specialists focused on the opportunities created by disruptive global trends in the following areas:

-      New waves of "aware" business applications:  Internet of Things

-      Demand for ubiquitous power and data: Connectivity Solutions

-      Growth in high precision manufacture: Nanopositioning

-      Healthcare for the ageing population: Ophthalmology

-      Connected customer experiences and service delivery: Ecommerce and EService

In addition it owns a portfolio of well-established products and brands which provide customer access and feedback.

Elektron Technology is headquartered in Cambridge and its shares are admitted to trading on the AIM market of the London Stock Exchange.