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Ilika Plc Announces Successful Completion of IPO on AIM £5.2 Million Raised In Placing

6th May 2010

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, JAPAN OR AUSTRALIA.

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

6 MAY 2010

ILIKA ANNOUNCES SUCCESSFUL COMPLETION OF IPO ON AIM £5.2 MILLION RAISED IN PLACING

Ilika plc ("Ilika" or "the Company"), the advanced cleantech materials discovery company, is pleased to announce the publication of its Admission Document relating to the Company’s £5.2 million Placing with institutional investors at a price of 51p per share and to the proposed admission of all of the Company’s Ordinary Shares to trading on AIM.

The Company is expected to have a market capitalisation of approximately £18.7 million on Admission and its shares are expected to commence trading on Friday, 14 May 2010. Nomura Code Securities Limited ("Nomura Code") is the Company’s nominated adviser and broker.

DETAILS OF THE PLACING AND IPO

The Company raised gross proceeds of approximately £5.2 million (net proceeds of approximately £4.4 million) from the Placing which will be used to fund the further development of identified materials for the energy, electronics and biomedical sectors. The products resulting from these materials are expected to generate significant revenues from (1) milestones and royalties resulting from the licensing of the materials being developed under existing joint development programmes with the Company’s partners and for which "proof of concept" has been demonstrated; and (2) through direct biomedical product sales

The Placing comprises the issue of 10,147,059 Placing Shares at 51 pence per share together with 10,147,059 Placing Warrants
The Enlarged Issued Ordinary Share Capital at Admission will be 36,569,359 Ordinary Shares, giving the Company an expected market capitalisation of £18.7 million at Admission
Admission to trading on AIM and commencement of dealings are expected to take place at 8:00a.m. on Friday, 14 May 2010 under the ticker "IKA". The Company is expected to be listed in the Alternative Energy sector.
A copy of the Company’s Admission Document is available at http://www.ilika.com/MEDIA/ilika_plc_admission_document.pdf.

BACKGROUND TO ILIKA

Ilika is an advanced materials company which accelerates the discovery of new and patentable materials using its unique high throughput technologies (‘‘HTT’’) process for identified end uses in the energy, electronics and biomedical sectors. This process enables hundreds of scalable materials to be made in a single, automated operation and subsequently tested for key properties.

Traditionally, materials development has been a slow and arduous task, with manual, sequential methods used to make samples of material that are then tested for suitability. On average, it takes between 7 and 10 years to move from an initial discovery through to the first commercial prototype.

Experiments carried out by the Company can be executed 10 to 100 times faster than using traditional techniques.

Graeme Purdy, Chief Executive of Ilika plc, commented:

"By using the materials we invent, our multinational partners can scale up and commercialise their next generation of products much more quickly. The new funds will enable us to accelerate further the development of materials in our chosen markets. There is unmet demand for ways of solving the problems of over-reliance on traditional forms of energy and resource, which we have the technology and business model to exploit. We think this is a highly attractive proposition and we are delighted that our new investors agree."

For further information, see www.ilika.com

ENQUIRIES

Ilika plc
Tel. +44 (0) 23 8011 1400
Graeme Purdy, Chief Executive
Steve Boydell, Finance Director

Nomura Code Securities Limited
Tel. +44 (0) 20 7776 1200
Phil Walker
Christopher Golden

Pelham Bell Pottinger
Tel. +44 (0) 20 7337 1509
Archie Berens
Francesca Tuckett

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