announcement out !!!!!!, page-43

good new travels fast. TZ Limited (TZL) said today that it has agreed in principal on the material terms of a new agreement currently being drafted with Textron Inc. The group advised that the specific commercial terms on which the two parties have agreed include the payment of US$5 million to TZL for global exclusivity rights to its Intelligent Fastening Technology in the Automotive and Aerospace Sectors. Directors also commented that the contract would include the payment of a further US$5 million to TZL for extending global exclusivity rights to all remaining market sectors. “US$5 million will be paid to TZL by January 2005 with the balance paid in two installments, mid-year and year-end 2005,” the company’s board said. The agreement is due for completion by 15 November 2004.