EUROTECH: Completion of the acquisition of the Arcom Group (price-sensitive-communication)

Amaro (UD), 1 April 2006.

The Board of Directors of Eurotech S.p.A today approved the acquisition of the Arcom Group following an Agreement signed between Eurotech and Spectris plc on 3 February 2006. The acquisition constitutes 100% of the entire issued share capital of Arcom Control Systems Ltd (a company based in Cambridge, England) and of Arcom Control Systems Inc (a corporation with its principal place of business in Kansas City, USA).

The consolidated revenues for the Arcom Group in 2005 were approximately US$ 29 million with EBTIDA of 11% (source: Spectris plc)

The total amount paid by Eurotech in relation to the acquisition of the Arcom Group was US$ 26 million, cash free and debt free, other than trade debts.

Of the US$ 26 million, Eurotech paid US$ 2 million on 3 February 2006 as consideration for an option and exclusivity period granted by Spectris plc. The balance of US$ 24 million was paid today on completion of the acquisition.

Of the total amount paid, Euro16 million was funded by an unsecured loan for a term of eight years from Banca Popolare Friuladria S.p.A., Friulcassa S.p.A. and Unicredit Banca S.p.A. The balance was provided out of Eurotech's available funds.

The acquisition is a very significant transaction; the Issuer, in accordance with Article. 71 of the Italian Listing Rules, shall make the information document available to the public within 15 days from the date of completion, pursuant to Schedule 3B of the above Listing Rules.

The Arcom Group operates in the Nano-PC (miniature computers) sector in both the USA and the UK with clients in the energy, transportation and industrial markets.

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