RNS Number:7731L
SMF Technologies PLC
30 May 2003

May 30th, 2003

ANNOUNCEMENT

The Board of SMF technologies announce the resignation of Dolmen Securities as
the company's sponsor for the Developing Companies Market of the Irish Stock
Exchange.  As the Company is not in a position to appoint a replacement sponsor,
the Company has applied to have its ordinary shares removed from trading on the
DCM.

A circular is being issued detailing a proposed transaction for shareholder
approval. The Directors do not believe that in the absence of a sponsor, the
circular can be issued, in compliance with DCM rules, while the company remains
quoted on the DCM.  The Directors believe that the delay of the circular for the
required 20 day notice period for removal from trading would be seriously
detrimental to the company and its shareholders and have requested that the
Exchange reduce this requirement.

In the current financial circumstances of the company (as outlined in the
announcement of 23 May 2003) and given these representations, the Exchange has
agreed to this request and has agreed to remove the ordinary shares from trading
with effect from close of business on June 5th, 2003.

The Company's ordinary shares will continue to trade on the Alternative
Investment Market of the London Stock Exchange ('AIM').


Bill Henebry
Chairman
SMF Technologies


This announcement has been issued through the Companies Announcement Service of
                            The Irish Stock Exchange


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