Acquisition

Holders Technology PLC
10 February 2003

Holders Technology plc

Acquisitions





Holders Technology plc announces that it has acquired 100% of the Dutch company,
Screen Circuit BV (Screen Circuit).  In a related transaction, Holders has
acquired from the same vendors a 35% interest in a Hong Kong-based company,
Topgrow Technologies Limited (Topgrow) and an option to acquire a further 25% of
Topgrow at any time until 30 September 2004.  The balance of the shares in
Topgrow are owned by Topgrow's Managing Director.



Screen Circuit, together with its 100% subsidiary in Germany, Screen Circuit
GmbH, had turnover of €2.5m (approximately £1.6m) in 2002 from the sale of
consumable materials, chemicals and equipment to the printed circuit board
industry.  The consideration is €140,000 (approximately £92,000) in cash plus
approximately £50,000 in shares, to be issued at a price equivalent to the
average mid-market price of shares in Holders Technology for the previous 10
business days prior to allotment, subject to a minimum price of 46p.



In addition, deferred consideration is payable, dependent on the performance of
Screen Circuit, Screen Circuit GmbH and Holders Technology BV ('the Screen
Circuit Group') of an amount up to 10% of the aggregate post tax profits of the
Screen Circuit Group for the three financial years ending 30 November 2005.
Such deferred consideration, if payable, will be satisfied by the issue to the
vendors of additional new shares in Holders Technology.



Topgrow had turnover in 2002 of HKD 10.4m (approximately £0.8m).  The company
trades in materials and equipment for the printed circuit board industry in Hong
Kong and mainland China.  Holders' consideration for the 35% equity stake in
Topgrow was £193,000.



The Screen Circuit and Topgrow transactions are being financed from a new €1.0
million revolving loan facility that has been arranged with Fortis Bank.



Commenting on the agreement, Holders Technology Chief Executive, Rudi Weinreich,
said:



'The acquisition of Screen Circuit complements the November 2002 acquisition of
the Cimatec materials business.  Taken together, they position Holders as a
leading supplier of consumable and specialised materials to the European PCB
industry.  The holding we have acquired in Hong Kong will enable Holders to
enter the Far East market, the region of the world where the PCB industry is
growing most strongly.'


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