Result of Fundraising

Transense Technologies plc (the "Company")

21 December 2011

Result of Fundraising - £1,332,696 raised

The Company is pleased to report that it has received subscriptions under the Offer to Warrant holders for 22,243,240 Subscription Shares and accordingly will issue 11,121,606 Bonus Shares. The Company has also taken the opportunity, in response to investor demand, to issue a further 11,058,333 new ordinary shares of 1p each ("Ordinary Shares") at 3 pence per share to new and existing investors to raise, in aggregate, £1,332,696 (before expenses).

As previously announced, the proceeds of the Fundraising will be used to further develop the Company's strategy, and in particular to accelerate the pace at which it addresses the opportunities arising within the IntelliSAW division, and for general working capital purposes.

The new Ordinary Shares (including the Bonus Shares) to be issued pursuant to the Fundraising will be credited as fully paid and will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.

The Company will apply for admission of the new Ordinary Shares to be traded on the AIM market of the London Stock Exchange. It is expected that Admission will take place and that trading will commence on 29 December 2011.

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following completion of the Fundraising will consist of 176,665,346 Ordinary Shares with one voting right per share. The above 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, the Company, under the Disclosure and Transparency Rules.

Capitalised terms used, but not defined in this announcement, have the same meanings as set out in the announcement released by the Company on 21 November 2011.

The Chairman, David Kleeman, said:

"We are very pleased by the level of support shown by shareholders in these challenging economic and market conditions. The Board believes that supported by the proceeds from the Fundraising, the Company is well on its way to generating significant income from its new revenue channels."

Contacts:

Transense Technologies PLC

Graham Storey 01869 238380

David Kleeman 020 7430 9329

Hybridan LLP - Financial adviser and Broker

Claire Noyce/Tim Goodman /Deepak Reddy- 020 7947 4350

Brewin Dolphin - Nominated Adviser

Neil Baldwin 0845 213 4730

ENDS