RNS Number:2955N
SMF Technologies PLC
08 July 2003


The Board of SMF Technologies plc "the Company" made the following statement at
the Extraordinary General Meeting held today, 8th July 2003;


"Following the announcement of the conditional sale of the trading subsidiaries
of the Company, the Board received two approaches seeking to buy these in
competition to the offer from management. Neither of these offers have been
progressed by the other parties."


At the Extraordinary General Meeting held today all resolutions were passed.
Completion of the sale of the trading subsidiaries is now taking place. The
capital reconstruction is also therefore implemented and the ordinary shares of
Euro0.01 each will commence trading on AIM tomorrow.


The Board hopes to announce details of a proposal to use the Company as a shell
in the near future, but if such an approach is not brought to fruition the
Company will be placed in members voluntary liquidation in line with the
timetables set out in the Circular to shareholders.








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