Statement re Possible Placing

20/05/2004

Following recent press comment, Knowledge Technology Solution PLC ("the Company") is required under the AIM Rules to announce that it is in the final stages of completing a fundraising of approximately £2 million via an institutional placing of new ordinary shares.

The proceeds from such a placing will be used to:

• Accelerate the roll-out of ktsMarketTerminal®, the international live financial news and data service, which has been launched today; and
• Strengthen the Company's working capital position.

A further announcement in relation to the placing will be made in due course.