D.D. 12-02-2007 Sale of remaining 21.5% holding in Hardide
Proventec Plc (AIM:PROV), a provider of specialist steam cleaning and coatings
technologies, today announces that through its subsidiary, Flintstone Management
Services Limited ('FMS'), the Company has raised £2.3 million (after expenses)
via the sale of FMS's remaining 21.5% stake in AIM-listed Hardide plc ('Hardide
').

The sale of 31,499,725 ordinary shares in Hardide via a Placing to Hardide's
current shareholders marks a full exit from Hardide by Proventec and is in line
the Company's stated strategy of exiting non-core investments. The exit
provides Proventec with a net profit of £0.7 million and the proceeds of the
Placing will be used to continue the development of Proventec's core businesses
in hygienic solutions and preventative coatings. Ellis & Company advised
Proventec and Hardide on the Placing.

David Chestnutt, Chief Executive of Proventec, said: 'This full exit from
Hardide follows on from the reduction the Company announced back in May 2006
and, as stated then, it makes strategic sense for both parties. Through our
subsidiary, FMS, we have been long term original holders in Hardide and have
been financially supportive through Hardide's corporate development and we wish
them well in the future.

'Our policy of exiting non-core investments in recent months places the Company
in a strong position to facilitate the next stage of our own growth ambitions.
We are keen to expand our execution capabilities in marketing and sales in-house
as well as actively pursuing joint ventures and complementary acquisitions
particularly in Europe and North America.'

Following this Placing of shares, David Chestnutt, the current non-executive
Chairman of Hardide, will relinquish his position from the Hardide Board, with
effect from 31 March 2007.


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Share price 8.75p 0.00p
as at 09:54:33 on 16 Feb 2007