RNS Number:6518P
Pace Micro Technology PLC
11 September 2003



11 September 2003



Pace Micro Technology plc completes VegaStream Transaction



Pace Micro Technology plc has today completed the negotiations for the
management buyout of its VegaStream subsidiary.



VegaStream develops Voice over Internet Protocol (VoIP) gateways for the small
and medium enterprise and service provider CPE (customer premises equipment)
markets.  As previously announced Pace will receive as consideration a 20% stake
in the new company at a subscription price valued at approximately #0.6m.



The transaction will have no material impact on Pace.



                                     -ends-









Contacts:

Ginny Pulbrook, Citigate Dewe Rogerson, 020 7282 2945

Helen Kettleborough, Pace Micro Technology, 01274 538005



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