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The VC market has sought out ANT Limited and provided $3.6 million in funding to the company. Cambridge, UK-based ANT with U.S. headquarters in Boston, provides the Fresco browser and SimplEmail client to the Internet appliance software market. The company has recently moved to larger headquarters in Cambridge, boosted its technical prowess with the hiring of Jon Hoskin, CTO, and Stephen Chaukley as engineering development manager, and plans to double its engineering force within six months. PRESS RELEASE VC market shows faith in ANT to sum of $3.6 million Total investment in ANT to date now $11.9 million BOSTON, July 30, 2001: ANT Limited, a leading developer of Internet appliance software, has secured a new round of VC-initiated funding that totals over $3.6 million. This brings the total investment in ANT to date to $11.9 million. VCF Partners led the round, which was strengthened by re-investment from existing VCs. With willing parties on all sides, the round was closed in a period of just eight weeks. VCF Partners invested $2.8 million of the new funding from two Venture Capital Trusts, Foresight Technology and TriVest, while Inflexion plc and Beeson Gregory Technology Investments Limited, two of ANT's existing investors, each contributed an additional 10 percent of their original investments. The remaining funds came from private investors. "We first met the ANT team two years ago and were impressed with the people and the technology," said Matt Taylor, Partner of VCF. "Since then the company has established a leading position in its market and achieved high volume sales. So when the opportunity came to invest, we moved swiftly. It's good to deal with such a motivated team and to work with quality co-investors like Inflexion." Paul O'Donovan, Senior Analyst, Consumer Applications at Gartner Dataquest commented, "Software is one key to the growth and success of the home entertainment and digital consumer market. Consumer confidence remains high and even in this period of economic uncertainty the digital consumer market is forecast to remain relatively buoyant. Companies with the right product at the right time have tremendous potential for growth in this rapidly evolving market." "This is an amazing achievement for ANT and proof of the market's confidence in our business," said Simon Woodward, President and CEO of ANT Limited. "This new investment comes at an exciting time for us. We've recently moved to a new global headquarters in the UK and are progressing with a program of rapid expansion and recruitment. We will use this funding to build on the substantial growth we have already achieved, further developing our product offerings and support for our customers and partners." ANT continues to play a major role in driving the growth of the Internet appliance market with its communication software fast becoming the technology of choice for interactive television and home entertainment devices. ANT's software enables Internet browsing and email communication from digital set-top boxes, Internet televisions, household appliances, wireless and other non-PC devices. About VCF Partners VCF Partners has a successful 16-year track record investing in technology businesses. We invest up to $2.8 million per transaction, focusing on companies with early revenues through to pre IPO and AIM situations. We currently manage about £58 million (US $82.5 million) in 2 venture capital trusts, Foresight Technology VCT plc and TriVest VCT plc. Foresight Technology is one of the most successful venture capital trusts. Since launch in 1997, Foresight has made 24 investments in UK technology companies and in 2000 paid a dividend of 100 percent of the original subscription price to its shareholders. Tel: 01959-563443 For further information please visit www.vcf.co.uk. About ANT Limited ANT Limited (www.antlimited.com) develops and markets embedded communication appliance software for use in consumer electronics, Internet appliances and eCommerce products. Core technology includes the ANT FrescoTM Browser and the ANT SimplEmailTM email client, which employ high performance, highly portable and customisable architectures designed to meet the needs of Internet appliances and other networked products. ANT's technology gives original equipment manufacturers (OEMs) of Internet devices, and the technology partners that supply them, three significant advantages: far greater speed to market, reduced engineering costs, and freedom to leverage corporate identity. The company's current customers include: Analog Devices, Amino Communications, OpenGlobe, Pace Micro Technology, Quiero, Sagem, Symbian and ZapMedia. Partners include: ARM, Bitstream, Enea, IBM Microelectronics, RSA Security, STMicroelectronics, Tality and Wind River Systems. ANT Limited, Cambridge Business Park, Cowley Road, Cambridge, CB4 0WZ, UK. Tel +44 (0)1223 716400 Fax +44 (0)1223 716401 email: info@antlimited.com U.S. headquarters: North Suburban Business Center, 23 Walkers Brook Drive, Reading, MA 01867; phone: 781.942.4551; fax: 781.944.7785; email: sales@antlimited.com Fresco and SimplEmail are trademarks of ANT Limited. All other brand and product names are trademarks or registered trademarks of their respective owners. ### Gerry Lynne Baker Public Relations p: 714-842-4027 f: 714-848-8478 gerrybaker@aol.com <HTML><FONT FACE=arial,helvetica><FONT SIZE=2> <BR>The VC market has sought out ANT Limited and provided $3.6 million in funding <BR>to the company. Cambridge, UK-based ANT with U.S. headquarters in Boston, <BR>provides the Fresco browser and SimplEmail client to the Internet appliance <BR>software market. <BR> <BR>Simon Woodward, ANT's president and CEO, is available if you'd like to speak <BR>with him between 9 a.m. and 11 a.m. PDT regarding this latest round of <BR>funding. (Simon is in Cambridge, UK). <BR> <BR>The company has recently moved to larger headquarters in Cambridge, boosted <BR>its technical prowess with the hiring of Jon Hoskin, CTO, and Stephen <BR>Chaukley as engineering development manager, and plans to double its <BR>engineering force within six months. <BR> <BR>See complete press release below and please contact me if you need additional <BR>information. <BR> <BR>Thanks for your consideration! <BR> <BR>Gerry Lynne Baker <BR>714-842-4027 <BR> <BR>PRESS RELEASE <BR><B> <BR>VC market shows faith in ANT to sum of $3.6 million</B> <BR> <BR>Total investment in ANT to date now $11.9 million <BR> <BR>BOSTON, July 30, 2001: ANT Limited, a leading developer of Internet <BR>appliance software, has secured a new round of VC-initiated funding that <BR>totals over $3.6 million. This brings the total investment in ANT to date to <BR>$11.9 million. VCF Partners led the round, which was strengthened by <BR>re-investment from existing VCs. With willing parties on all sides, the <BR>round was closed in a period of just eight weeks. <BR> <BR>VCF Partners invested $2.8 million of the new funding from two Venture <BR>Capital Trusts, Foresight Technology and TriVest, while Inflexion plc and <BR>Beeson Gregory Technology Investments Limited, two of ANT's existing <BR>investors, each contributed an additional 10 percent of their original <BR>investments. The remaining funds came from private investors. <BR> <BR>"We first met the ANT team two years ago and were impressed with the people <BR>and the technology," said Matt Taylor, Partner of VCF. "Since then the <BR>company has established a leading position in its market and achieved high <BR>volume sales. So when the opportunity came to invest, we moved swiftly. It's <BR>good to deal with such a motivated team and to work with quality co-investors <BR>like Inflexion." <BR> <BR>Paul O'Donovan, Senior Analyst, Consumer Applications at Gartner Dataquest <BR>commented, "Software is one key to the growth and success of the home <BR>entertainment and digital consumer market. Consumer confidence remains high <BR>and even in this period of economic uncertainty the digital consumer market <BR>is forecast to remain relatively buoyant. Companies with the right product <BR>at the right time have tremendous potential for growth in this rapidly <BR>evolving market." <BR> <BR>"This is an amazing achievement for ANT and proof of the market's confidence <BR>in our business," said Simon Woodward, President and CEO of ANT Limited. <BR>"This new investment comes at an exciting time for us. We've recently moved <BR>to a new global headquarters in the UK and are progressing with a program of <BR>rapid expansion and recruitment. We will use this funding to build on the <BR>substantial growth we have already achieved, further developing our product <BR>offerings and support for our customers and partners." <BR>ANT continues to play a major role in driving the growth of the Internet <BR>appliance market with its communication software fast becoming the technology <BR>of choice for interactive television and home entertainment devices. ANT's <BR>software enables Internet browsing and email communication from digital <BR>set-top boxes, Internet televisions, household appliances, wireless and other <BR>non-PC devices. <BR> <BR>About VCF Partners <BR>VCF Partners has a successful 16-year track record investing in technology <BR>businesses. We invest up to $2.8 million per transaction, focusing on <BR>companies with early revenues through to pre IPO and AIM situations. We <BR>currently manage about £58 million (US $82.5 million) in 2 venture capital <BR>trusts, Foresight Technology VCT plc and TriVest VCT plc. Foresight <BR>Technology is one of the most successful venture capital trusts. Since <BR>launch in 1997, Foresight has made 24 investments in UK technology companies <BR>and in 2000 paid a dividend of 100 percent of the original subscription price <BR>to its shareholders. <BR>Tel: 01959-563443 <BR>For further information please visit www.vcf.co.uk. <BR> <BR>About ANT Limited <BR>ANT Limited (www.antlimited.com) develops and markets embedded communication <BR>appliance software for use in consumer electronics, Internet appliances and <BR>eCommerce products. Core technology includes the ANT FrescoTM Browser and the <BR>ANT SimplEmailTM email client, which employ high performance, highly portable <BR>and customisable architectures designed to meet the needs of Internet <BR>appliances and other networked products. ANT's technology gives original <BR>equipment manufacturers (OEMs) of Internet devices, and the technology <BR>partners that supply them, three significant advantages: far greater speed to <BR>market, reduced engineering costs, and freedom to leverage corporate <BR>identity. The company's current customers include: Analog Devices, Amino <BR>Communications, OpenGlobe, Pace Micro Technology, Quiero, Sagem, Symbian and <BR>ZapMedia. Partners include: ARM, Bitstream, Enea, IBM Microelectronics, RSA <BR>Security, STMicroelectronics, Tality and <BR>Wind River Systems. <BR> <BR>ANT Limited, Cambridge Business Park, Cowley Road, Cambridge, CB4 0WZ, UK. <BR>Tel +44 (0)1223 716400 Fax +44 (0)1223 716401 email: info@antlimited.com <BR>U.S. headquarters: North Suburban Business Center, 23 Walkers Brook Drive, <BR>Reading, MA 01867; phone: 781.942.4551; fax: 781.944.7785; email: <BR>sales@antlimited.com <BR> <BR> <BR>Fresco and SimplEmail are trademarks of ANT Limited. All other brand and <BR>product names are trademarks or registered trademarks of their respective <BR>owners. <BR> <BR>### <BR> <BR> <BR>Gerry Lynne Baker Public Relations <BR>p: 714-842-4027 <BR>f: 714-848-8478 <BR>gerrybaker@aol.com</FONT></HTML>