Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has issued and allotted 312,500 ordinary shares of 1 pence each ("Ordinary Shares") pursuant to the exercise of share options by Raschid Abdullah, Chairman.

Following the exercise and issue, Mr Abdullah is directly interested in 1,471,472 ordinary shares.

Application has been made for the 312,500 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or about 8.00 a.m. on 12 May 2017 ("Admission").

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this transaction its issued share capital will consist of 36,258,262 Ordinary Shares of 1 pence each of which none are held in Treasury. Therefore, the total number of voting rights in the Company is 36,258,262. Shareholders may use these figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.