HDD Hardide Plc

RNS Number:2128F
Hardide PLC
05 October 2007



Press Release                                                     5 October 2007


                                     Hardide plc
                     ("Hardide" or "the Company" or "the Group")

                 Hardide completes debt fundraising to support
                   accelerated entry into the aerospace sector


Hardide plc (AIM:HDD), the provider of unique surface engineering technology, is
pleased to announce that, further to its announcement on the 21 August 2007
regarding its accelerated plan to enter the aerospace sector, the Group has
secured its second tranche of funding. This has been secured following an
investment of #500,000 from Mr A. Badenoch. The loan is to take the form of an
assignable company debenture; will have an interest rate of base plus two
percent; attracts no penalty for early repayment; and will be repayable on
demand on a change of control of the Company.  The deal also includes the option
for Mr Badenoch to subscribe for #500,000 worth of shares at 12p per share,
exercisable for a period of up to three years from 28 September 2007.  The
completion of the second tranche means that the Group now has secured its total
funding requirements of #1,000,000, which it will use to penetrate the aerospace
sector in order to take advantage of significant new market conditions and blue
chip customer opportunities.


                                    - Ends -

For further information:

Hardide plc

Jim Murray Smith, Chief Executive                      Tel: +44 (0) 1869 353 830
jmurray-smith@hardide.com

Jackie Robinson, Head of Communications                Tel: +44 (0) 1869 353 830
jrobinson@hardide.com                                            www.hardide.com


Seymour Pierce

Nicola Marrin, Corporate Finance                       Tel: +44 (0) 20 7107 8000


Media enquiries:

Abchurch
Henry Harrison-Topham / Chris Lane                     Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com                            www.abchurch-group.com


Notes to editors


Hardide provides and applies tungsten carbide-based coatings to a wide range of
engineering components.  The Company's patented technology is unique in that it
combines both abrasion and corrosion resistant properties in one coating.  When
applied to components, the technology is proven to offer dramatic cost savings
through reduced downtime and extended component life.  Customers include leading
companies operating in oil and gas exploration and production, valve and pumps
manufacturing, general engineering and aerospace.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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