Toumaz Technology Secures Future Funding For Product Development And Commercialization Through Acquisition By Nanoscience Inc.

Abingdon, United Kingdom, November 3rd, 2005 - Toumaz Technology Limited today announces that its acquisition by the nanotechnology investment vehicle Nanoscience Inc., has formally completed, with the associated placing of Nanoscience shares raising £7.1 million (approximately £6.4 million net of expenses). Toumaz is now a wholly-owned subsidiary of the AIM listed Nanoscience. The consideration payable in respect of the acquisition has been satisfied through the issue of 96,337,210 Nanoscience shares, valuing Toumaz at approximately £17.7 million. Toumaz will retain its independent commercial identity while being able to take advantage of the benefits of being part of a stronger enlarged publicly listed entity.

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