Portfolio Company Update -Guident Proposed US IPO

Tekcapital Plc (AIM: TEK), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people's lives, is pleased to announce that its portfolio company Guident Corp., has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC"), for a proposed initial public offering ("IPO") of shares of its common stock in the United States.

The number of shares of common stock to be sold and the price range for the proposed IPO have not yet been determined. Guident Corp. intends to commence the sale of its securities in the IPO following completion of the SEC review process, subject to market and other conditions. A copy of the registration statement is available on www.sec.gov. The Company intends the shares to be listed on the NASDAQ under ticker: GDNT.

At this stage there can be no certainty of the total IPO proceeds. Further announcements will be made, as required, in due course. Tekcapital currently owns 70% of the share capital of Guident Corp.

Clifford M. Gross, Ph.D.

Richard Morrison/Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking)

Tim Thompson/Andrea Seymour/Fergus Mellon