Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has received notification that Raschid Abdullah, Chairman, has converted £7,543 of the outstanding convertible loan notes into 94,287 ordinary shares of 1 pence each at a price of 8 pence per share.

Following the conversion, Mr Abdullah is directly interested in 1,300,405 ordinary shares.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.