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Acquisition of Assets of Key Supplier

12:45PM, 28 Jul 2010 | ASSET

Scott Technology Limited's Directors are pleased to announce they have
reached an agreement in principle to acquire the business assets of a key
supplier. The company is based in Auckland and manufactures our mining
division gold reference materials for distribution worldwide.  The amount
paid will be less than $1.5 million and the transaction will be earnings
positive.  The acquisition and price is subject to due diligence with the
intention that the transaction be completed and take effect from 1 October
2010.

The Directors see benefit in vertically integrating the supply chain within
our growing mining and minerals laboratory business.

S J McLauchlan
Chairman
(03)477 8192

C C Hopkins
Chief Executive Officer
(03)478 8130