26 June 2008

NXT plc

Payment of Fees by Shares

The Company announces that Whitmarsh Holt Young, the property advisers responsible for  negotiating the successful surrender of two leases during the past six months, have agreed to take their fee in ordinary shares of the Company.

Accordingly, 169,492 new ordinary shares are being issued at a price of 14.75p, being the closing price on 23 June 2008. These shares along with the shares to be issued pursuant to the Placing announced yesterday brings the total shares to be issued to 3,928,890.

Application has been made to the Financial Services Authority for the new ordinary shares to be admitted to the Official List and to the London Stock Exchange for the new ordinary shares to be admitted to trading on the London Stock Exchange's main market for listed securities.  The issue is conditional upon admission, which is expected to become effective, and dealings in the new ordinary shares will commence at 8.00 am on 27 June 2008.  The new ordinary shares will, when issued, rank pari passu in all respects with the existing ordinary shares.  

For further information, please contact:

NXT plc

Landsbanki Securities

Media enquiries:

Allerton Communications

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