RNS Number:0598S
Oystertec PLC
14 November 2003


For Immediate Release                                     14 November 2003


                              Oystertec PLC
                              Trading Update


Oystertec Plc, the engineering intellectual property group, is pleased to
provide an update on its financial performance for the current financial year
ending 31st December 2003.

We indicated at our Interims in September, that we would focus our businesses on
improving the quality of sales and this is now successfully increasing margins.

We also indicated that we would continue to push ahead with our remaining
rationalisation projects. We are pleased to report that cost reductions are
ahead of schedule.

Accordingly, the Directors are confident that profits before amortisation and
exceptional items for the year ending 31 December 2003 will be materially ahead
of current market expectations.


For further information please contact:


Andrew Evans                                                Tel: 01430 875 246
Chief Executive, Oystertec

Adrian Binney                                               Tel: 01430 875 246
Finance Director, Oystertec

Suzanne Brocks/James Strong                                 Tel: 020 7466 5000
Buchanan Communications




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