TTX Turftrax

    TurfTrax Plc ("Turftrax" or the "Company")                   

                                    Update                                     

Further to the announcement of 2 July 2008, the Board of TurfTrax gives the
following update:

The Company is progressing the restructuring plans previously announced and as
part of these plans is proposing to place its subsidiary TurfTrax Racing Data
Limited into Administration in the near future.

In the announcement of 2 July 2008, the Company announced that it was in
discussions in relation to the sale of its Ground Management Systems Division,
and it is now pleased to announce the completion of the sale of the trade and
assets within TurfTrax Ground Management Systems Limited ("TGMS") to
management, being Dr Richard Earl. As Dr Earl is a director of a subsidiary of
the Company (although not of the Company itself), he is a "related party" as
defined by the AIM Rules. The Board of the Company consider, having consulted
with its nominated adviser, Dowgate Capital Advisers Limited, that the terms of
the transaction are fair and reasonable insofar as its shareholders are
concerned.

In the year to 31 March 2007, TGMS had a turnover of �474,000 with a net loss
of �243,000. As at 31 March 2007, gross assets were �183,000 with total net
liabilities of �1,187,000. In unaudited interim accounts as at 30 September
2007, TGMS had a turnover of �316,000 with a net profit of �16,000. As at the
same date, gross assets were �175,000 with total net liabilities of �1,170,000.

Consideration for the transaction is approximately �300,000, which comprises �
245,000 cash and approximately �55,000 from the collection of net current
assets prior to the completion date ("Consideration"). Under the terms of the
sale and purchase agreement, if at any time within 5 years from completion, the
purchaser disposes of the trade and assets within TGMS at a higher price than
the Consideration, the Company will be entitled to claw back a proportion of
the difference between the disposal price and Consideration. The sale proceeds
will be used to fund the ongoing working capital requirements of the Company.

A further update announcement will be made in due course.

For further information:

TurfTrax plc
Nicky Green, Director
Tel: 01722 434 000

Nominated Adviser to TurfTrax plc
Dowgate Capital Advisers Limited
Liam Murray / James Caithie
Tel: 020 7492 4777

Broker to TurfTrax plc
Newland Stockbroker Limited
Steven Goschalk
Tel: 020 7290 2414

Public Relations to TurfTrax plc
Hansard Group
Vikki Krause
Tel: 020 7245 1100



END

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