Kurchatov to use EKOR for company flotation

23 December 1999

Kurchatov Research Holdings (KRH) and Eurotech have agreed revised terms for the use of the EKOR silicon geopolymer. Developed at the Kurchatov Research Institute in Moscow EKOR is a radioactively resistant foam designed initially for work at Chernobyl. EKOR is water resistant and will remain effective as a seal for hundreds of year as it does not degrade in radioactive conditions.

KRH has agreed to transfer its 50% profit sharing interest in EKOR to Eurotech and in return Eurotech will return 6 850 000 shares it owns in KRH. KRH will also receive 2 000 000 shares in Eurotech. Additionally KRH will receive 2% of gross revenues on any contract involving EKOR. KRH plans to use the Eurotech shares to gain a listing on the Nasdaq stock exchange.

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