Trading Statement

Feedback PLC
16 October 2003

                                  FEEDBACK PLC
                             - Trading Statement -


Further to our announcement at the AGM on 29 August 2003, at which the Board
indicated that as a result of a disappointing start to the year ended 31 March
2004, it anticipated a loss on ordinary activities after taxation for the six
months ended 30 September 2003 to be in the region of £300,000.  In the event,
there was no improvement in trading conditions throughout the first half and
accordingly the Board now expects to report a loss after taxation of
approximately £500,000.


The difficult trading conditions have continued into the early stages of the
second half of the year.  Traditionally the Group experiences a stronger second
half performance and whilst the improvement in trading has yet to manifest
itself the Board still remains confident of winning a number of large orders.


The announcement of the interim results for the six months ended 30 September
2003 will be made in early December.



16 October 2003




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