QDG Quadnetics Grp

    Quadnetics Group PLC (the "Company")
29 November 2006
Annual General Meeting Statement

The following is the text of a statement to be made by David Coghlan,
Quadnetics' Chairman, at the Annual General Meeting scheduled for
10.00am this morning.

"Quadnetics announces that Synectic Systems, Inc., its US
surveillance technology business, has been informed by an existing
North American customer that it has been selected, subject to receipt
of a formal purchase order, to supply its advanced digital
surveillance systems in a further three casinos. This order,
estimated to be worth approximately $2.6 million, will bring the
number of casinos so far upgraded by this customer to seven, out of a
total of approximately 20 in their portfolio, all based on the
Synectics surveillance solution.

"In addition, we have been informed that Synectics has been selected
by a new customer to supply surveillance systems to a large casino
and hotel complex due to open in the US in 2007, subject only to the
expected imminent receipt by Synectics' local installation partner of
the necessary administrative licence. It is estimated that this
order, once formalised, will amount to approximately US$2.5 million
for Synectics.

"These substantial orders have been anticipated for some months but,
for different reasons, experienced delays in finalisation within the
customer organisations. Overall activity levels in the US casino
sector, and the pipeline of potential further orders, are continuing
to grow rapidly. Despite the delays mentioned, management expects
that Synectics in the US will still achieve sales revenues and
profits for the current financial year fully matching the Board's
expectations, even though more weighted to the second half.

"While results from Synectics US in the first half have been
adversely affected by the delayed orders, trading elsewhere in the
Group has so far been in line with or ahead of expectations.
Consequently, the Board anticipates that the Group's consolidated
results for the first half will be satisfactory. As in previous
financial years, an overall bias of results towards the second half
is expected, and the Board remains confident of the outlook for the
year as a whole."

ENDS

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Copyright � Hugin ASA 2006. All rights reserved.

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