Update on placing

17 August 2012

Toumaz Limited

Update on Placing

Toumaz Limited (AIM: TMZ, 'Toumaz' or 'the Group'), a pioneer in and provider of ultra-low power, high-performance wireless communications technologies and solutions, are pleased to announce that the First Placing of 275,365,857 New Ordinary Shares have today been admitted to trading on AIM, as set out in the Group's announcement of 3 July 2012.

The Group consequently expects that the Acquisition Agreement will become unconditional on Monday, 20 August 2012.

Toumaz also announces a minor change to the number of Ordinary Shares to be admitted in the Second Admission. As a result of certain employees of Frontier Silicon (Holdings) Limited ('Frontier') electing not to exercise options over shares in Frontier, the split between Initial and Deferred Consideration as set out in the Circular changes so as to increase the number of Initial Consideration Shares to be issued to Imagination Technologies by 37,123 new Ordinary Shares to 23,547,159 Consideration Shares.

Accordingly, Second Admission, expected to be effective on 21 August 2012, comprises of 41,300,925 new Ordinary Shares comprising of the Second Placing Shares, the revised number of Initial Consideration Shares and the Subscription Shares.

Terms and expressions defined in the announcement of 3 July 2012 have the same meaning in this announcement.

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