Acquisition of Applied Data Systems Inc

Amaro (UD) December 6th, 2006.

Eurotech, a leading designer and developer of high performance and low power embedded computing systems, announces the acquisition of Applied Data Systems Inc. ("ADS") for an initial consideration of $41.5 million, on a cash free debt free basis, equal to a multiple of 8.6x earnings before interest, tax, depreciation and amortisation (EBITDA) for 2006. An additional earnout payment of up to $12.5 million may be payable, based on 7xEBITDA for the calendar year 2007 less the initial consideration. The initial consideration and the additional earnout will be paid in cash.

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Eurotech- Press Release

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