Interim Results

Concurrent Technologies PLC
08 September 2003


                          CONCURRENT TECHNOLOGIES PLC
              Interim Results for the six months ended 30 June 2003
                                                                                
                              PRE-TAX PROFIT UP 31%
                                        
Concurrent Technologies Plc manufactures single board computers known as
Multibus II, CompactPCI(R) and VME for high demanding, critical applications in
areas such as defence, aerospace and telecommunications.
     
*    Pre-tax profit up 32% to £351,562 (H1 2002: £267,320) on revenue up 8%
     to £4.04m (H1 2002: £3.74m)

*    Interim dividend 0.25p per share

*    Zero gearing - cash £3.06m (H1 2002 - £2.68m)

*    Clear signs of recovery in embedded computer market

*    Three new products launched for the telecommunications and defence sectors

Michael Collins, Chairman, commented:

'We believe that the long awaited recovery in the market for embedded computers
is now occurring. The recovery is most evident in the USA which we expect to be
the most significant market for our products in the second 6 months of this year
and into the foreseeable future.

'We expect US defence applications to make a significant contribution to our
sales in the next twelve months even though we anticipate a strong recovery in
our telecommunications business following the earlier downturn in this sector.
There is clear evidence of a requirement for computer systems to handle large
increases in demand for basic telecommunications in developing countries as well
as more sophisticated 3G telecommunications products in developed countries.'


                                                                8 September 2003


ENQUIRIES:

Concurrent Technologies Plc                       Tel: [phone]
Glen Fawcett, Managing Director

College Hill                                      Tel: [phone]
Nicholas Nelson



CHAIRMAN'S STATEMENT

Operations

The first 6 months of this year has seen improved turnover and profits despite
difficult market conditions in the embedded computer sector within which the
Company operates.

As a result of considerable investment in development over recent years
Concurrent Technologies manufactures a wide range of single-board computers for
many different market areas and applications. We are committed to a programme of
continual product evolvement to add features and improve performance thus
enhancing our competitive position.

We are now manufacturing and supplying a range of embedded computer products
which use Intel(R) or Motorola(R) PowerPC(R) central processing units for the VME bus
architecture while we still continue to develop CompactPCI(R) and Multibus II bus
architectures with Intel CPUs. In addition, the temperature range within which
some of our boards will operate has been extended for use in hostile defence
related environments.

The latest Gulf War has further enhanced the demand for sophisticated
electronics in defence equipment and overall accounted for 42% of our sales in
the first half of 2003, which compares to 38% in 2002 and 16% in 2001. The
defence applications with which we are involved are long term projects and in
most cases we have not yet supplied production quantities.

During the last 6 months we have developed, in our Chicago facility, a fast high
functionality PowerPC computer for which we believe there will be particular
demand in the U.S. defence market. In the UK we have produced a very fast
Pentium 4M board for CompactPCI which operates at low power and is targeted
primarily at telecomms. An even lower power version, using a Pentium M, will be
available for CompactPCI and VME in the coming months. Two new dual-processor
boards have now been released including a very fast version based on Intel(R)
XeonTM processors.

New sales channels have been opened in the Far East and as a result we now
represented in China, Japan and South Korea.

Financial summary

Turnover increased from £3,736,155 in the first half of 2002 to £4,036,489 in
the first half of this year; an increase of 8.0%. The consolidated pre-tax
profit was £351,562 compared to £267,320 in the same period last year (an
increase of 32%) and £285,575 in the second 6 months of 2002 (an increase of
23%).

We expect our performance in the second half of the year to continue to improve.

At 30th June 2003 cash at Bank and in hand was £3.06m, and we had no borrowings.

Interim Dividend

The outlook for our business continues to improve and consequently your Board
has resolved to pay an interim dividend of 0.25 pence per share. The cost of
this dividend to the company will be £181,750. The ex dividend date for the
interim dividend is 24 September 2003, the record date is 26 September and
payment will be made on 24 October 2003. The Board's current intention is to pay
a final dividend in April 2004

Outlook

We believe that the long awaited recovery in the market for embedded computers
is now occurring. The recovery is most evident in the U.S.A. which we expect to
be the most significant market for our products in the second 6 months of this
year and into the foreseeable future. We expect U.S. defence applications to
make a significant contribution to our sales in the next twelve months even
though we anticipate a strong recovery in our telecommunications business
following the earlier downturn in this sector. There is clear evidence of a
requirement for computer systems to handle large increases in demand for basic
telecommunications in developing countries as well as more sophisticated 3G
telecommunications products in developed countries.

The systems which supply the enhanced functionality provided by new generations
of telecoms systems need embedded computers such as ours to relay the large
quantities of data required to transmit voice, text and pictures. Computers such
as ours are also needed to monitor network traffic, to overlay video and to test
the quality of voice calls and the functionality of the telecoms systems
themselves.


Consolidated Trading Results
For six months ended 30 June 2003

                                                        Restated
                                         Unaudited     Unaudited       Audited
                                        six months    six months    year ended
                                           30/6/03       30/6/02      31/12/02
                                                 £             £             £

Turnover                                 4,036,489     3,736,155     7,537,452

Profit on ordinary activities before       351,562       267,320       552,895
taxation

Taxation on profit on ordinary              85,609        46,497        96,169
activities

Profit for the period                      265,953       220,823       456,726

Dividend                                   181,750             -       254,450

Retained profit for the period              84,203       220,823       202,276

Basic and diluted earnings per share          0.37p         0.30p         0.63p

Basic and diluted earnings per share          0.39p         0.33p         0.67p
excluding amortisation of goodwill



Consolidated Balance Sheet
at 30 June 2003

                                                         Restated
                                           Unaudited    Unaudited      Audited
                                             30/6/03      30/6/02     31/12/02

FIXED ASSETS                                       £            £            £
Goodwill                                     181,201      195,724      200,224
Tangible assets                              603,099      581,078      559,764
                                             784,300      776,802      759,988

CURRENT ASSETS
Stocks and work in progress                1,025,153    1,187,318    1,111,317
Debtors                                    1,701,323    1,981,772    1,869,807
Cash at bank and in hand                   3,059,813    2,676,343    2,635,225
                                           5,786,289    5,845,433    5,616,349

CREDITORS
amounts falling due within one year        1,219,009    1,283,197    1,094,915

NET CURRENT ASSETS                         4,567,280    4,562,236    4,521,434

TOTAL ASSETS LESS
CURRENT LIABILITIES                        5,351,580    5,339,038    5,281,422

Provision for liabilities and charges         52,918       49,861       34,876

NET ASSETS                                 5,298,662    5,289,177    5,246,546

CAPITAL AND RESERVES
Called up share capital                      727,000      727,000      727,000
Share premium account                      3,405,817    3,405,817    3,405,817
Capital redemption reserve                   256,976      256,976      256,976
Profit and loss account                      908,869      899,384      856,753

EQUITY SHAREHOLDERS' FUNDS                 5,298,662    5,289,177    5,246,546


Notes to the Financial Statements
     
1    The results for the year ended 31 December 2002 are abridged from the 
     Financial Statements for the year which contain an unqualified audit report 
     and have been filed with the Registrar of Companies.
     
2    The Consolidated Trading Results have been prepared on a basis consistent 
     with the Financial Statements for the year ended 31 December 2002. The 
     Group adopted FRS 19 (Deferred Tax) during 2002. This has resulted in a
     prior year deferred tax adjustment of £64,846 and a decrease in the 
     taxation charge reported in the six month period ended 30 June 2002 of 
     £64,028
     
3    The taxation charge for the six months ended 30 June 2003 is based on the 
     estimated effective tax rate for the full year.
     
4    The calculation of earnings per share for the six months to 30 June 2003 is 
     based on the number of Ordinary Shares in issue of 72,700,012. Comparative 
     earnings per share for the periods shown are based on the same number of 
     Ordinary Shares in issue.

     In accordance with FRS 14 (Earnings per Share) the diluted earnings per 
     share amounts are the same as the basic earnings per share.
     
5    Copies of this report will be sent to shareholders and are available at the 
     Company's Registered Office.

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