AGM Statement

801 - 2 May 2002

                                  SPIRENT PLC                                  

                        CHIEF EXECUTIVE'S AGM STATEMENT                        

It was with great sadness that we announced yesterday the sudden death of our
Non-executive Chairman, Dr George Sarney. He played a pivotal role in the
transformation of our Company and he will be greatly missed. Our thoughts and
deepest sympathies are with his wife and family at this time.

Spirent plc's trading performance in the first quarter of 2002 was in line with
our expectations as stated in our announcement of preliminary results for the
year ended 31 December 2001 in February, with all the Company's operating
businesses delivering in accordance with plan.

In line with our strategy of being in the forefront with new products and new
technologies, the Performance Analysis division has recently launched a number
of products addressing the 40 gigabit optical network, wireless position
location testing, expanded router testing and application layer testing
markets. Despite a reduction in some of our customers' capital expenditure
budgets, we have maintained our rate of order intake and sales at the same
level as the last two quarters of 2001 but forward visibility remains short, as
is characteristic of this business.

The Service Assurance division generated revenues in accordance with plan in
the first quarter and in line with activity in the previous two quarters. DSL
related business remained firm, private line DS1/DS3/SONET test and management
activity was resilient and several new wireless contracts, including Verizon
Wireless, were signed. In line with the seasonality of this business, the order
book has seen a reduction quarter on quarter but we are encouraged by current
prospects. We continue to deploy the CenterOpTM suite of software products and
have seen continued growth of software as a percentage of overall business.

Our Network Products group achieved an encouraging performance for the first
quarter, reflecting some firming in their markets.

Cost savings from last year's reorganisation programme are being realised as
expected and operating cash generation has continued to be positive. Net debt,
which at the end of the first quarter stood at £171 million, was reduced by the
receipt of £42 million on 1 April 2002 from the sale of the non-core aerospace
component businesses.

Although business conditions remain challenging, we are strengthening our
position by developing integrated products and solutions that deliver cost
saving opportunities and time-to-market advantages to our customers. While
there are no current indications of recovery in the telecommunications market,
we are intent on making further progress through investment in new product
initiatives and focused marketing to ensure we are well positioned to benefit
from the upturn when it comes.

                                   - ends -                                    

Enquiries

Nicholas Brookes, Chief Executive Spirent plc            [phone]    
                                                                               
Eric Hutchinson, Finance Director                                              
                                                                               
Investor Relations                                                             
                                                                               
Catherine Nash                    Spirent plc            [phone]    
                                                                               
Media                                                                          
                                                                               
Jon Coles/Rupert Young            Brunswick (London)     [phone]   
                                                                               
Lauren Teggelaar                  Brunswick (New York)   [phone]       

About Spirent

Spirent plc is an international network technology company providing
state-of-the-art solutions with a focus on high growth activities. Our
Communications group unites leading edge performance analysis technology with
network operations expertise, enabling customers to accelerate the development,
deployment and assurance of next generation network equipment and services
worldwide. Further information about Spirent plc can be found at 
www.spirent.com

Spirent plc is listed on the London Stock Exchange (ticker: SPT) and on the New
York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) with one American
Depositary Receipt representing four Ordinary shares.

Spirent and the Spirent logo are trademarks of Spirent plc. All rights
reserved.

This press release may contain forward-looking statements that are based on
current expectations or beliefs, as well as assumptions about future events.
You can identify these statements by their use of words such as 'will,'
'anticipate,' 'estimate,' 'expect,' 'project,' 'intend,' 'plan,' 'should,'
'may,' 'assume' and other similar words. You should not place undue reliance on
our forward-looking statements, which are not a guarantee of future performance
and are subject to factors that could cause our actual results to differ
materially from those expressed or implied by these statements. Such factors
include: aggressive competition; our ability to develop and commercialize new
products and services; risks relating to the acquisition or sale of businesses;
our reliance on third party manufacturers and suppliers; our exposure to
liabilities for product defects; our reliance on proprietary technology; our
ability to grow in e-commerce; our ability to attract and retain qualified
personnel; risks of doing business internationally; and risks of downturns in
the industries in which we participate; and other risks described from time to
time in Spirent plc's Securities and Exchange Commission periodic reports and
filings. We undertake no obligation to update our forward-looking statements,
whether as a result of new information, future events or otherwise.

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