Rule 8.3- SPI Lasers - Amendment

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
(Rule 8.3 of the City Code on Takeovers and Mergers)

AMENDMENT to date of dealing

1. KEY INFORMATION

Name of person dealing (Note 1) PROGRESSIVE AIM REALISATION LIMITED
Company dealt in SPI LASERS
Class of relevant security to which the dealings being disclosed relate (Note 2) ORDINARY SHARES OF 25P EACH
Date of dealing 17TH SEPTEMBER 2008
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)
  Long Short
Number (%) Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)
Class of relevant security: Long Short
  Number (%) Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

(c) Rights to subscribe (Note 3)

Class of relevant security: Details

3. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale Number of securities Price per unit (Note 5)
SALE 2,340,999 40 PENCE

(b) Derivatives transactions (other than options)

Product name, e.g. CFD Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5)

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, e.g. call option Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise price Type, e.g. American, European etc. Expiry date Option money paid/received per unit (Note 5)

(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)

4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

Is a Supplemental Form 8 attached? (Note 9) NO
Date of disclosure 18TH SEPTEMBER 2008
Contact name RUSSELL SCOTT
Telephone number 020 7490 4355
If a connected EFM, name of offeree/offeror with which connected NOT CONNECTED
If a connected EFM, state nature of connection (Note 10) N/A

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk


    SPI Lasers UK Head Office and Manufacturing Facility
    SPI Lasers
    6 Wellington Park
    Tollbar Way
    Hedge End
    Southampton
    SO30 2QU
    US Corporate Office
    SPI Lasers LLC
    4000 Burton Drive,
    Santa Clara, CA 95054
    USA
    China Representative Office
    Shenzhen, Representative Office of SPI Lasers UK Ltd
    Rm 2631, Level 26,
    Anlian Centre,
    4018 Jintian Rd,
    Futian District,
    Shenzhen, 518026
    P.R.China