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Issue of Equity

25th September 2013

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has made an application to the London Stock Exchange for 246,627 new ordinary shares to be admitted to trading on AIM. It is expected that such Admission will become effective and that dealings will commence at 8.00 a.m. on 26 September 2013.

The new ordinary shares are being issued in part settlement for the consideration due in relation to Petards’ offer for Water Hall Group plc which was declared wholly unconditional on 30 August 2013. The number of new ordinary shares being issued, together with new ordinary shares already issued as consideration as previously announced on 13 September 2013, corresponds to valid acceptances received in respect of a total of 72,193,796 Water Hall Shares (representing approximately 82.38% of the existing ordinary share capital of Water Hall following the full conversion of the Water Hall Loan Note).

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following this issue, its issued share capital will comprise 19,890,398 Ordinary Shares of 1p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 19,890,398.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

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