Acquisition

Holders Technology PLC
04 August 2004



Holders Technology plc

Increase in investment





Holders Technology plc announces that it has reached agreement with the
shareholders of Topgrow Technologies Limited (Topgrow), on 3 August 2004, to
increase its stake from 35% to 60% of the company.



The initial consideration for the 25% of the equity acquired is £98,000.
Deferred consideration of up to £102,000 will be payable, depending on Topgrow's
profits during the period 2004 to 2011.



Topgrow's shareholders will be making a further equity investment of £105,000 in
the company to provide additional working capital.  Holders' share of this
further investment will be £63,000.



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



'Topgrow Technologies provides our introduction to the largest concentration of
PCB manufacturers in the world.  Our initial aim is to market a limited range of
products and to develop our coverage in Southern China, for which local
expertise is essential.'



Topgrow's main business is selling materials to PCB manufacturers.  Topgrow also
has a joint venture in Dongguan, which manufactures drilling/grinding equipment
and a 40% investment in Sino Pacific Limited, a Hong Kong-based company that
provides sub-contract drilling services to PCB manufacturers.



In the first 6 months of 2004, Topgrow had a turnover of HKD 6.5 million
(£454,000) and recorded a profit before tax of HKD 85,000 (£6,000).  As at 30
June 2004 Topgrow had shareholders' funds of HKD 3.7 million (£262,000).  In the
year to 31 December 2003, Topgrow had turnover of HKD 10.5 million (£735,000)
and recorded a loss before tax of HKD 1.1 million (£81,000).  As at 31 December
2003 Topgrow had shareholders' funds of HKD 3.6 million (£256,000).



It is not expected that this transaction will have a material effect on group
earnings in the year to 30 November 2004.






                      This information is provided by RNS
            The company news service from the London Stock Exchange