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FOR IMMEDIATE RELEASE

ANGLE TECHNOLOGY VENTURES PARTNERS WITH NEW YORK UNIVERSITY

ANGLE to Commercialize Kaleidoscope Technology Developed by NYU Media Research Lab

VIENNA, Va. - May 17, 2006ANGLE Technology Ventures LLC, the U.S. venture creation arm of ANGLE plc (LSE: AGL), today announced that it has signed an agreement with New York University (NYU) to commercialize innovative technology developed at the Media Research Lab in the Computer Science department of NYU’s Courant Institute of Mathematical Sciences.

Researchers Ken Perlin, PhD and Jeff Han have developed a patent-pending kaleidoscope and software system that enables the rapid capture and recreation of photo-realistic surface images. The technology has a wide range of commercial applications in multi-billion dollar industries, including special effects, animation, computer gaming and medical devices.

As part of its normal model for venture creation, ANGLE has formed and will incubate Kaloptics, Inc. to lead the technology commercialization, market and IP assessment, and business strategy. ANGLE will contribute the initial management of Kaloptics and lead a seed financing round for the company.

Perlin is a professor in the Department of Computer Science at NYU and was founding director of its Media Research Lab. His research interests include graphics, animation, user interfaces and multimedia. He also received an Academy Award for Technical Achievement from the Academy of Motion Picture Arts and Sciences.

Han, a computer science researcher at NYU, has been working in the fields of real-time computer graphics, computer vision, human-computer interfaces and machine learning for over ten years.

“It is very exciting to be working with the NYU Media Research Lab,” said ANGLE Managing Director Rob Kornblum. “These are world-class researchers who have produced numerous contributions to their fields. The Kaleidoscope system will address a very large problem in many domains—the cost effective acquisition of data that can be used for the creation of realistic surface images.”

• About ANGLE Technology Group
• Founded in 1994, ANGLE is an international venture management and consulting company. ANGLE focuses on the commercialization of technology and the development of technology-based industry, from creating new companies to the planning, managing and marketing of research parks, incubators, and other initiatives. ANGLE operates in the United States, Europe and the Middle East. ANGLE has U.S. offices in Charlottesville, VA, Vienna, VA, Rockville, MD, Philadelphia, PA, Pittsburgh, PA and Minneapolis, MN. For more information about ANGLE Technology visit: www.angletechnologyus.com

• About NYU
• New York University, located in the heart of Greenwich Village, was established in 1831 and is one of America’s leading research universities and a member of the selective Association of American Universities. It is one of the largest private universities, it is a leader in attracting international students and scholars in the U.S, and it sends more students to study abroad than any other U.S. college or university. Through its 14 schools and colleges, NYU conducts research and provides education in the arts and sciences, law, medicine, business, dentistry, education, nursing, the cinematic and performing arts, music, public administration, social work, and continuing and professional studies, among other areas.