SHEP Technologies Inc. Appoints New Director

    VANCOUVER, British Columbia--April 30, 2003--SHEP TECHNOLOGIES INC. (OTCBB: STLOF)(BER: IH3) ("STI" or the "Company") is pleased to confirm the appointment of Clive A. Bowen to the STI Board of Directors. Mr. Bowen brings a strong engineering, production and management background in the automotive industry to his role with the Company.
    Clive A. Bowen, 39, is head of Business Development at West Surrey Racing Ltd. ("WSR"), a leading British rapid prototyping and automotive engineering firm servicing both the motorsport and mainstream automotive industries. WSR provides solutions from concept through to production, with total vehicle capability and specialist skills in key areas.
    During his time at WSR, Clive's accomplishments include: key contribution towards the negotiation of a three year contract with MG Rover to design and build the 2002 and 2003 British Touring Car Championship; the incorporation of WSR into the Motorsport Industry Association and the development of new initiatives on behalf of the Motorsport Industry Association with major automotive manufacturers and the UK Department of Trade and Industry. Clive has also established a wide range of personal and business relationships with large automotive manufacturers including Ford Motor Company, BMW AG, Volkswagen AG (ADR), MG Rover Group Limited and Honda Motor Company, Ltd.
    Clive possesses extensive commercial experience on six continents, is a director of two other engineering companies, one of which operates in the automotive sector, and is an active participant within several industry organisations in both the automotive and motorsport sectors. Prior to joining WSR, Clive held various management and engineering positions with leading industrial and engineering companies including Haldir Ltd., Wright Machinery Company Ltd. and Rolls-Royce plc. Clive has a degree in Mechanical Engineering from the University of Portsmouth in the UK.
    Clive's strong engineering, production and management background in the automotive industry will allow him to provide STI with strategic input in the implementation of the Company's technological development and commercialization plans. On confirmation of his acceptance of the position, Clive said, "I am very pleased to be able to serve STI as the Company expands its technology and development initiatives, particularly in the UK.
    The SHEP System is an extremely significant and promising technology given today's global demand for increased fuel efficiency and decreased vehicle emissions. In particular, I expect STI's ongoing work to refine the SHEP System and to make it compatible with 'by-wire' technologies will provide the Company with significant opportunities in both commercial and passenger vehicles."
    "We believe Clive to be a very significant addition to the STI Board of Directors," stated Malcolm Burke, President and CEO of STI. "We expect that the addition of his engineering and product development skills will prove invaluable to our management team as the Company launches its UK-based global development efforts."
    Clive Bowen joins Malcolm P. Burke, President and Chief Executive Officer, Tracy A. Moore, Chief Financial Officer, W. Ray Evans, Peter Robert Humphrey and Betty Anne Loy on the Board.

    About SHEP Technologies Inc.

    SHEP Technologies Inc. acquired SHEP Limited, a corporation based in the Isle of Man with operations in Taunton, England and in the United States. SHEP Limited has designed and developed proprietary energy technology for application in the global automotive sector.
    The SHEP System, using electronics and proprietary hydraulic pump motors, captures otherwise lost kinetic energy generated during vehicle braking, and utilizes this recovered energy for vehicle acceleration during the inefficient low-speed acceleration phase. Under a controlled test environment at one of the world's largest automotive manufactures, significant fuel savings, together with reduced engine and brake wear and tear, were realized.
    The SHEP System is intended to be equally applicable to delivery, service and passenger vehicles of all sizes and variety. Optimal use of SHEP technology is anticipated in high density urban traffic environment where acceleration and braking cycles are frequent - accordingly buses, trucks, taxis and subway systems could be ideal applications.
    The Company anticipates licensing its "Stored Hydraulic Energy Propulsion" System to automotive manufacturers and their Tier 1 suppliers. Hydraulic propulsion is being embraced by OEMs in the automotive industry. In particular, SHEP components are incorporated as an integral part of one of North America's major auto producer's hydraulic power assist-equipped development vehicles.

    ON BEHALF OF THE BOARD OF DIRECTORS
    Malcolm P. Burke, President and Chief Executive Officer

    Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Unless otherwise noted, all financial amounts refer to US dollars.