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.
