AGM Statement

Roxboro Group PLC
24 April 2002







Date:                Immediate, Wednesday 24 April 2002



Contacts:            Harry Tee - Group Chief Executive
                     Alf Vaisey - Group Finance Director
                     The Roxboro Group PLC
                     Tel:            020 7796 4133 (24/04/02)
                                     01223 424626 (thereafter)



                        Alistair Mackinnon-Musson
                        Philip Dennis
                        Hudson Sandler
                        Tel:              020 7796 4133
                        Email:            [e-mail]







                           THE ROXBORO GROUP PLC

                               AGM STATEMENT


The Chairman of The Roxboro Group PLC, the international specialist electronics
company, Sir Alan Cockshaw, has today made the following statement on current
trading at the Company's Annual General Meeting:



'In our preliminary statement issued on 18 March we expected profits in the
first half of the current year to be constrained by the continuation of recent
trends in weak markets and this continues to be the case.



'I am pleased to report that Solartron and Weston continue to trade as expected,
although there are some encouraging signs that air traffic volumes may be
recovering more quickly than had been anticipated, which could have a positive
effect on aftermarket sales.



'Market conditions in the US traffic market have become more difficult as
utility subsidies have been temporarily suspended and pricing pressures
increased.  Dialight, however, has a very strong market position in the US, now
enhanced by further investment in improving manufacturing operations and a
growing range of products.  These factors, together with the recent acquisition
of Garufo, to spearhead the group's entry into the European markets, provide a
strong platform for a resilient response to competitive market conditions.



'In Dialight's other business area, the signs of recovery in the Telecoms
industry are being maintained as the improving order intake indicates.



'The board remains confident of the group's prospects.'







                                    - Ends -





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