Final Results

Holders Technology plc                             

 Providers of specialised materials, equipment and services to the electronics 
                                   industry                                    

              Audited results for the year ended 30 November 2009              

Holders Technology plc ("Holders Technology" or "the group") announces its
audited results for the year ended 30 November 2009.

The European printed circuit board (PCB) industry suffered a sharp decline in
late 2008 and the first half of 2009. Thereafter, conditions stabilised.
Holders Technology recorded the following results:

- Revenue declined 26% to £13.0m (2008: £17.5m)

- Gross profit of £3.2m (2008: £4.4m)

- Operating loss of £0.2m before exceptional items (2008: £0.7m profit)

- The Dutch business successfully merged with German operations

- £0.8m positive cash flow generated from operations

- Net cash of £2.1m at year end (2008: £1.5m)

- Second interim dividend of 3.25p to be paid on 31 March 2010 in place of
  final dividend

Chairman's statement

The first half of the year to 30th November 2009 was a period which saw a
dramatic downturn in a number of our markets and a pre tax loss of £0.6m was
recorded.

I am glad to be able to report that the second half of the year saw a recovery
in profitability with the pre tax loss for the year as a whole reduced to £
0.4m. The loss of £0.4m was in large part attributable to the £0.2m of costs
incurred in restructuring our operations.

Revenue for the year at £13.0m showed a marked reduction from the £17.5m
recorded in the preceding year; the recovery in profitability in the second
half of the year was largely due to the cost reduction measures undertaken. The
reduced revenue and the rigorous control of working capital coupled with the
benefits accruing from the cost reduction programme led to the year end net
cash position improving to £2.1m. In light of the improved trading in the
second half of the year and the strong cash position the board felt justified
in declaring a second interim dividend for the year in lieu of a final
dividend.

It is still early to comment on the current year but to date we have seen some
recovery particularly as compared to the exceptionally difficult comparable
months of the preceding year. The current year will enjoy the full benefit of
the restructuring savings and we hope to see gains from the measures we have
taken both to extend our specialist product ranges and more competitively to
source certain of our commodity product offerings.

In short we expect to achieve some recovery in the current year but I would
caution against any expectations that the PCB markets we serve will continue to
be anything other than challenging. The continuing difficulties in securing
insurance in respect of debtors may have some impact on sales as we are
unwilling unduly to extend credit to customers.

On behalf of the board and, I am sure, all shareholders I would like to thank
all our staff for the sacrifices they have made and continue to make. Their
willingness to accept the measures we have been obliged to introduce has
ensured that as a group we have been able to maintain the service levels
necessary to retain customers in difficult market conditions.

In previous statements I have commented on our wish to consider acquisitions.
Over the past two years we have considered a number of opportunities but they
have failed to match the criteria we set ourselves. In order to reduce risk we
sought only to consider areas where we could understand both the technology and
the markets served. While we sought areas where we could see significant growth
we were concerned to ensure that we had the ability to add value to any
acquisition made.

In late December we completed the acquisition of JK Components Ltd (JK) a
distributor of Light Emitting Diodes (LED) components. JK while small has a
range of products sourced from established Far Eastern suppliers and has
established a market position in the UK. We believe we are well placed further
to extend both the range of products offered and the markets served.

The markets for LEDs are growing very quickly and while there are a significant
number of companies competing in these markets we expect to be able to build
further on the base JK has created. We anticipate that evidence of this
progress will be forthcoming in the current year but our key objective this
year is to invest and build a platform for sustained growth both within the UK
and throughout the geographical markets we currently address in future years.

The current year will present challenges but the measures we have already taken
will, we believe, lead to a year of improved overall trading in our established
PCB market. I anticipate that the acquisition and development of JK will enable
us to provide evidence of an attractive widening of the Group's activities.

R W Weinreich

Chairman and Chief Executive

9 February 2010

Consolidated income statement

for the year ended 30 November 2009

                                  Before exceptional     Exceptional  Total            Total           
                                                                items                                  
                                               items                                                   
                                                                                                       
                               Note 2009             2009             2009             2008            
                                                                                                       
                                    £'000            £'000            £'000            £'000           
                                                                                                       
Continuing operations                                                                                  
                                                                                                       
Revenue                             12,966           -                12,966           17,481          
                                                                                                       
Cost of sales                       (9,770)          -                (9,770)          (13,057)        
                                                                                                       
                                                                                                       
                                                                                                       
Gross profit                        3,196            -                3,196            4,424           
                                                                                                       
Distribution costs                  (301)            -                (301)            (427)           
                                                                                                       
Administrative expenses             (3,044)          -                (3,044)          (3,285)         
                                                                                                       
Fundamental restructuring           -                (176)            (176)            (64)            
                                                                                                       
Impairment of goodwill              -                -                -                (100)           
                                                                                                       
Impairment of investment in         -                -                -                (51)            
associates                                                                                             
                                                                                                       
Other operating expenses            (90)             -                (90)             11              
                                                                                                       
                                                                                                       
                                                                                                       
Operating (loss)/profit             (239)            (176)            (415)            508             
                                                                                                       
Finance income                      20               -                20               43              
                                                                                                       
Finance expenses                    (13)             -                (13)             (38)            
                                                                                                       
                                                                                                       
                                                                                                       
(Loss)/profit before taxation       (232)            (176)            (408)            513             
                                                                                                       
Taxation                       3    9                -                9                (243)           
                                                                                                       
                                                                                                       
                                                                                                       
(Loss)/profit after taxation        (223)            (176)            (399)            270             
                                                                                                       
                                                                                                       
                                                                                                       
Attributable to:                                                                                       
                                                                                                       
Equity shareholders of the                                            (375)            322             
company                                                                                                
                                                                                                       
Minority interests - equity                                           (24)             (52)            
                                                                                                       
                                                                                                       
                                                                                                       
(Loss)/profit for the                                                 (399)            270             
financial year                                                                                         
                                                                                                       
                                                                                                       
                                                                                                       
Total and continuing                                                                                   
                                                                                                       
Basic (loss)/earnings per                                             (9.52p)          8.21p           
share                                                                                                  
                                                                                                       
Diluted (loss)/earnings per                                           (9.52p)          8.21p           
share                                                                                                  
                                                                                                       
                                                                                                       

Consolidated balance sheet

at 30 November 2009

                                                   Group                            Company             
                                                                                                        
                               Note  2009             2008             2009             2008            
                                                                                                        
                                     £'000            £'000            £'000            £'000           
                                                                                                        
Assets                                                                                                  
                                                                                                        
Non-current assets                                                                                      
                                                                                                        
Goodwill                             207              201              -                -               
                                                                                                        
Property, plant and equipment        655              651              3                3               
                                                                                                        
Investments in subsidiaries          -                -                2,669            2,352           
                                                                                                        
Investment in joint venture          -                -                15               15              
                                                                                                        
Investments in associates            -                -                -                -               
                                                                                                        
Deferred tax assets                  29               31               2                -               
                                                                                                        
                                                                                                        
                                                                                                        
                                     891              883              2,689            2,370           
                                                                                                        
                                                                                                        
                                                                                                        
Current assets                                                                                          
                                                                                                        
Inventories                          1,866            2,808            -                -               
                                                                                                        
Trade and other receivables          2,301            2,700            557              472             
                                                                                                        
Current tax assets                   69               99               -                16              
                                                                                                        
Cash and cash equivalents            2,095            1,774            127              297             
                                                                                                        
                                                                                                        
                                                                                                        
                                     6,331            7,381            684              785             
                                                                                                        
Liabilities                                                                                             
                                                                                                        
Current liabilities                                                                                     
                                                                                                        
Trade and other payables             (1,107)          (1,663)          (454)            (377)           
                                                                                                        
Borrowings                           -                (237)            -                -               
                                                                                                        
Current tax liabilities              (33)             (33)             (32)             -               
                                                                                                        
                                                                                                        
                                                                                                        
                                     (1,142)          (1,933)          (486)            (377)           
                                                                                                        
Net current assets                   5,189            5,448            198              408             
                                                                                                        
                                                                                                        
                                                                                                        
Non-current liabilities                                                                                 
                                                                                                        
Retirement benefit liability         (176)            (165)            -                -               
                                                                                                        
Deferred tax liabilities             (8)              -                -                -               
                                                                                                        
                                                                                                        
                                                                                                        
                                     (184)            (165)            -                -               
                                                                                                        
                                     5,896            6,166            2,887            2,778           
                                                                                                        
                                                                                                        
                                                                                                        
Shareholders' equity                                                                                    
                                                                                                        
Share capital                    4   416              416              416              416             
                                                                                                        
Share premium account            4   1,531            1,531            1,531            1,531           
                                                                                                        
Capital redemption reserve       4   1                1                1                1               
                                                                                                        
Retained earnings                4   2,972            3,568            939              830             
                                                                                                        
Cumulative translation           4   831              520              -                -               
adjustment reserve                                                                                      
                                                                                                        
                                                                                                        
                                                                                                        
Equity attributable to the           5,751            6,036            2,887            2,778           
shareholders of the parent                                                                              
                                                                                                        
Minority interests in equity     4   145              130              -                -               
                                                                                                        
                                                                                                        
                                                                                                        
                                     5,896            6,166            2,887            2,778           
                                                                                                        
                                                                                                        
                                                                                                        

Consolidated cash flow statement

forthe year ended 30 November 2009

                                                   Group                            Company             
                                                                                                        
                                Note 2009             2008             2009             2008            
                                                                                                        
                                     £'000            £'000            £'000            £'000           
                                                                                                        
Cash flows from operating                                                                               
activities                                                                                              
                                                                                                        
Operating profit                     (415)            508              (215)            (120)           
                                                                                                        
Share-based payment (credit)/        (10)             12               (10)             12              
charge                                                                                                  
                                                                                                        
Depreciation                         180              184              2                1               
                                                                                                        
Impairment of goodwill               -                100              -                -               
                                                                                                        
Impairment of investment in          -                -                177              -               
subsidiary                                                                                              
                                                                                                        
Impairment of investment in          -                51               -                -               
associates                                                                                              
                                                                                                        
Currency translation                 182              293              -                -               
                                                                                                        
Loss on sale of property, plant      13               2                -                -               
and equipment                                                                                           
                                                                                                        
Decrease/(increase) in               942              (140)            -                -               
inventories                                                                                             
                                                                                                        
Decrease/(increase) in trade         410              (86)             (85)             (266)           
and other receivables                                                                                   
                                                                                                        
(Decrease)/increase in trade         (517)            349              77               (277)           
and other payables                                                                                      
                                                                                                        
                                                                                                        
                                                                                                        
Cash generated from/(used in)        785              1,273            (54)             (650)           
operations                                                                                              
                                                                                                        
Corporation tax received/(paid)      51               (566)            47               (46)            
                                                                                                        
                                                                                                        
                                                                                                        
Net cash generated from/(used        836              707              (7)              (696)           
in) operations                                                                                          
                                                                                                        
                                                                                                        
                                                                                                        
Cash flows from investing                                                                               
activities                                                                                              
                                                                                                        
Increase in investment in            -                (23)             -                -               
associate                                                                                               
                                                                                                        
Increase in investment in            -                -                (494)            -               
subsidiaries                                                                                            
                                                                                                        
Investment in joint venture          -                -                -                -               
                                                                                                        
Purchase of property, plant and      (168)            (132)            (2)              (2)             
equipment                                                                                               
                                                                                                        
Proceeds from sale of property,      -                24               -                -               
plant and equipment                                                                                     
                                                                                                        
Income from investments              -                -                541              499             
                                                                                                        
Interest received                    20               43               3                24              
                                                                                                        
                                                                                                        
                                                                                                        
Net cash generated/(used) in         (148)            (88)             48               521             
investing activities                                                                                    
                                                                                                        
                                                                                                        
                                                                                                        
Cash flows from financing                                                                               
activities                                                                                              
                                                                                                        
Proceeds from exercise of            -                13               -                13              
employee share options                                                                                  
                                                                                                        
Interest paid                        (13)             (38)             -                -               
                                                                                                        
Equity dividends paid                (211)            (210)            (211)            (210)           
                                                                                                        
                                                                                                        
                                                                                                        
Net cash used in financing           (224)            (235)            (211)            (197)           
activities                                                                                              
                                                                                                        
                                                                                                        
                                                                                                        
Net change in cash and cash          464              384              (170)            (372)           
equivalents                                                                                             
                                                                                                        
Cash and cash equivalents at         1,537            1,101            297              669             
start of period                                                                                         
                                                                                                        
Effect of foreign exchange           94               52               -                -               
rates                                                                                                   
                                                                                                        
                                                                                                        
                                                                                                        
Cash and cash equivalents at         2,095            1,537            127              297             
end of period                                                                                           
                                                                                                        
                                                                                                        

Notes

 1. Basis of preparation
   
The group and parent company financial statements have been prepared in
accordance with EU endorsed International Financial Reporting Standards (IFRS),
International Financial Reporting Interpretations Committee (IFRIC)
interpretations and with those parts of the Companies Act applicable to
companies reporting under IFRS. All accounting standards and interpretations
issued by the International Accounting Standards Board and the International
Financial Reporting Interpretations Committee effective at the time of
preparing these financial statements have been applied.

 2. Exceptional items
   
Exceptional items consist of the following:

                                             2008             2008            
                                                                              
                                             £'000            £'000           
                                                                              
Fundamental restructuring                    (176)            (64)            
                                                                              
Impairment of goodwill                       -                (100)           
                                                                              
Impairment of investment in associate        -                (51)            
                                                                              
                                                                              
                                                                              
                                             (176)            (215)           
                                                                              
                                                                              

The fundamental restructuring charge consists of redundancy and lease
termination costs at the group's Dutch operation and redundancies at the German
operation.

 3. Taxation
   
 4. 
   
2009                                           2008                             
                                                                                
£'000                                          £'000                            
                                                                                
Analysis of the charge in the period                                            
                                                                                
Current tax                                                                     
                                                                                
- Current period                               18               228             
                                                                                
- Adjustments in respect of prior periods      (38)             (3)             
                                                                                
                                                                                
                                                                                
                                               (20)             225             
                                                                                
Deferred tax (note 24)                         11               18              
                                                                                
                                                                                
                                                                                
Total tax                                      (9)              243             
                                                                                
                                                                                
                                                                                
Tax reconciliation                                                              
                                                                                
The tax for the period is higher (2008: higher) than the standard rate of       
corporation tax in the UK, effectively 28% (2008: 28.67%) for the company's     
financial year. The differences are explained below:                            
                                                                                
                                               2009             2008            
                                                                                
                                               £'000            £'000           
                                                                                
(Loss)/profit before taxation                  (408)            513             
                                                                                
                                                                                
                                                                                
Profit before taxation multiplied by rate of   (113)            147             
corporation tax in the UK of 28% (2008:                                         
28.67%)                                                                         
                                                                                
Effects of:                                                                     
                                                                                
Differences between capital allowances and     (9)              (3)             
depreciation                                                                    
                                                                                
Amounts not deductible for taxation purposes   (24)             79              
                                                                                
Adjustments in respect of prior years          9                2               
                                                                                
Taxation losses                                99               34              
                                                                                
Other timing differences                       29               (8)             
                                                                                
Different overseas tax rates                   -                (8)             
                                                                                
                                                                                
                                                                                
Taxation                                       (9)              243             
                                                                                
                                                                                

 4. Statement of changes in shareholders' equity
   
Group                          Capital    Cumulative                                        
                                                                                            
                 Share   Share redemption translation Retained Shareholders' Minority  Total
                                                                                            
               capital premium    reserve  adjustment earnings        equity interest equity
                                                                                            
                 £'000   £'000      £'000       £'000    £'000         £'000    £'000  £'000
                                                                                            
                                                                                            
                                                                                            
Balance at 1       416   1,531          1 37          3,431    5,416         97       5,513 
December 2007                                                                               
                                                                                            
Profit/(loss) for    -       -          - -           322      322           (52)     270   
the period                                                                                  
                                                                                            
Dividends            -       -          - -           (210)    (210)         -        (210) 
                                                                                            
Issue of treasury    -       -          - -           13       13            -        13    
shares                                                                                      
                                                                                            
Currency             -       -          - 483         -        483           85       568   
translation                                                                                 
differences                                                                                 
                                                                                            
Share-based          -       -          - -           12       12            -        12    
payment credit                                                                              
                                                                                            
Balance at 30      416   1,531          1 520         3,568    6,036         130      6,166 
November 2008                                                                               
                                                                                            
(Loss)/profit for    -       -          - -           (375)    (375)         (24)     (399) 
the period                                                                                  
                                                                                            
Dividends            -       -          - -           (211)    (211)         -        (211) 
                                                                                            
Minority interest    -       -          - -           -        -             62       62    
investment                                                                                  
                                                                                            
Currency             -       -          - 311         -        311           (23)     288   
translation                                                                                 
differences                                                                                 
                                                                                            
Share-based          -       -          - -           (10)     (10)          -        (10)  
payment charge                                                                              
                                                                                            
Balance at 30      416   1,531          1 831         2,972    5,751         145      5,896 
November 2009                                                                               

 5. The directors have declared a second interim dividend of 3.25p per share
    payable on 31 March 2010 to shareholders on the register at close of
    business on 5 March 2010. This is in place of the final dividend, which for
    2008 was 3.25p and paid on 19 May 2009. The total dividend for the year,
    including the first interim dividend of 2.1p (2008: 2.1p) per share paid on
    6 October 2009, amounts to £211,000 (2008: £211,000), which is equivalent
    to 5.35p (2008: 5.35p) per share.
   
 6. The basic loss per share are based on the loss for the financial year
    attributable to the equity shareholders of £375,000 (2008: profit £322,000)
    and on ordinary shares 3,939,551 (2008: 3,922,611), the weighted average
    number of shares in issue during the year, excluding treasury shares.
    Diluted earnings per share are based on 3,939,551 ordinary shares (2008:
    3,922,611), being the weighted average number of ordinary shares after an
    adjustment of nil shares (2008: nil) in relation to share options.
   
 7. This preliminary statement, which has been approved by the Board on 9
    February 2010, is not the Company's statutory accounts. The statutory accounts
    for each of the two years to 30 November 2008 and 30 November 2009 received
    audit reports, which were unqualified and did not contain statements under
    section 237 (2) or (3) of the Companies Act 1985, and section 498(2) and
    section 498(3) of the Companies Act 2006 respectively. The 2008 accounts have
    been filed with the Registrar of Companies but the 2009 accounts are not yet
    filed.

ENDS For further information, contact:

Mr Rudi Weinreich, Chairman and Chief Executive, Holders Technology plc,

on 020 8731 4336

Mr Jim Shawyer, Group Finance Director, Holders Technology plc,

On 020 8731 4336

Mr Shane Gallwey, Director, Corporate Finance, Astaire Securities Plc,

on 020 7448 4400.

Website www.holderstechnology.com