Vela Technologies Regulatory News (VELA)

16 December 2013 Vela Technologies plc ("Vela" or the "Company") Investment Update - Portr Limited Portr Limited ("Portr") announces agreement with Heathrow Express Vela Technologies plc is pleased to announce that its investee company PortrLimited, which is looking to launch its AirPortr™ commercial luggage transferservice at Heathrow Airport in early 2014, has agreed underlying initialcommercial terms with Heathrow Express, the premium express train providerlinking Heathrow Airport and central London. The two companies have reached anunderstanding over the co-promotion of their services as a bundle to existingand new customers both domestically and internationally when Portr launches itsAirPortr™ service in 2014. Portr and Heathrow Express are working together to deliver a unique andcompetitively priced service package which offers luggage-free travel betweenHeathrow Airport and central London. Additional benefits arising from theservice package, which will predominantly target time-pressured business users,include greater cost efficiency and reduced carbon footprint when compared totaxis and other private transportation. The service package is expected to be marketed to passengers in line withHeathrow Express' `The smarter way' ethos and sold online via a fullyintegrated booking process allowing a customer to complete the purchase oftheir AirPortr™ luggage transfer and Heathrow Express ticket in onetransaction. The partnership will enable Portr to reach a significant customer base with thecombined service offering and provides both parties with an incremental revenueopportunity. Vela Technologies plc has a £50,000 2 per cent. shareholding in Portr. Ends For further Information: Brent Fitzpatrick, Non-Executive Chairman e-mail brent@lowwave.co.ukAntony Laiker, Director 0207 330 1885 Vela Technologies plc ZAI Corporate Finance, Nomad Tel 020 7060 2220Peter Trevelyan-Clark/Tim Cofman/Wei Wang Peterhouse Corporate Finance, Broker Tel 020 7469 0932Eran Zucker About Heathrow Express Heathrow Express is a private company, which owns its own trains, the stationsat Heathrow Airport and the entire below-ground section of the line betweenLondon Paddington and the Airport. The service, which was launched in 1998, hascarried over 60 million people since it started and now carries an average of16,000 customers a day. It is the fastest rail link from London to Heathrow, with a journey time ofjust 15 minutes to Terminals 1 and 3 and has been voted as Best Rail Operator(Business Travel Awards 2011) and Best Ground Transportation Europe (BusinessDestinations Magazine 2012). Heathrow Express has saved 204 million kg of carbon emissions since launch andoffers customers a 54% reduction in carbon emissions over a taxi.