Antonov Automotive Technologies BV enters into Option Agreement

1/9/2006, 11:00 AM (Source: GlobeNewswire)

9 January 2006


The Board of Antonov plc, the automotive technology company, is
pleased to announce that Antonov Automotive Technologies BV, a wholly
owned subsidiary of Antonov plc, has entered into an Option
Agreement with Great Wall Motor Company Limited ("GWM")," one of
China's leading vehicle manufacturers. The Option Agreement, which
is valid for six months, is for a production licence for the
six-speed Antonov Automatic Drive ("AAD").

During this period, Antonov Automotive Technologies BV and GWM will
work closely together in order to develop, plan and cost GWM's AAD
programme.

Information on Great Wall can be found at www.gwm.com.cn/eng


John Moore, CEO of Antonov plc, said:

"This is a significant step towards the commercialisation of our AAD
technology and we look forward to steady progress in 2006."


Enquiries:



Antonov plc
John Moore, Chief Executive + 44 1223 421 740

Dawnay, Day Corporate Finance Limited
Jonathan Garbett/Rod Venables + 44 20 7509 4570

Biddicks
Shane Dolan + 44 20 7448 1000
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