Final Results

Holders Technology PLC
27 February 2001


                            Holders Technology plc

Providers of specialised materials, equipment and services for the electronics
                      and telecommunications industries.

                          Year ended 30 November 2000


Chairman's statement


In the year to 30 November 2000, turnover rose by 49% to £13.3m (1999: £8.9m).
  Pre-tax profits rose by 62% to £0.9m (1999: £0.5m).  Earnings per share rose
by 55%.  Your directors are recommending a final dividend of 5.50p (1999:
5.25p), which will be payable on 22 May 2001 to shareholders on the register
at the close of business on 27 April 2001.

In the chairman's statement accompanying the interim results I stated that
market conditions remained challenging.  This continued to be the case in the
second half of the past year and overall the year was one of excellent
progress for your company.

United Kingdom

It was particularly encouraging to see the widening of the customer base in
the UK during the period, a development facilitated by the introduction of the
additional commodity products during the year.


Europe

Our subsidiary based in Holland saw a recovery from previously depressed
trading levels assisted in part by sales into France; an area which we have
targeted for further expansion in the current year.  Despite supply
difficulties with certain products and price pressure on others our German
subsidiary performed strongly during the year. 

The performance of our Swedish subsidiary was exceptional due almost entirely
to the high levels of demand generated by the Scandinavian telecoms
manufacturers.


Own Products

Our own manufactured drill care systems activity held its position but did not
make the progress we had hoped.  We continue to examine methods to expand this
area of operations.


Justfone

Our 81% owned subsidiary Justfone Limited generated small revenues from trial
sales in the year and the product range development is now largely complete.
Justfone's products are targeted on niche applications and discussions
concerning marketing linkages to exploit these packages commercially are now
in hand.

The market which Justfone addresses continues to be fast growing and we are
looking to build profitability in the second half of the current year.


Liquidity

As we anticipated the year end balance sheet is substantially more liquid than
was the case at the interim stage. Due to a reduction in stock levels and
debtor days we closed the year with net cash of £0.1m.

Given the nature and structure of your company's business it will always be
the case that at times it will be necessary to hold high prudential stocks to
ensure our ability to supply customers' requirements on demand.  It will also
be necessary to accept a degree of exchange rate exposure.  We are continuing
to look at ways to reduce our exposure to foreign exchange losses and to
improve our treasury management.


The future

I have commented in the past on our desire to complete our European coverage
and this remains our intent but only on sensible commercial terms.  Your board
is has decided that in order fully to serve our major customers, many of whom
are out sourcing production to the Far East your company should seek to
establish a Far Eastern base.  To this end we are establishing a branch in
Hong Kong which should be operational from May of this year.  It is our aim to
develop this business quickly to take advantage of the fast growing market for
materials and equipment for electronic products.

As always our core activity of supplying specialised materials and equipment
for the electronics industry depends for its success on the activity levels of
our customers coupled with our ability to source both innovative and
cost-effective products with which to supply them.  The year to 30 November
2000 was one of excellent progress for your company, and based on the
opportunities which are open to us we expect to make further progress in the
current year.


R W Weinreich
Chairman and Chief Executive
26 February 2001


Consolidated profit and loss account
for the year ended 30 November 2000


                                    Audited year ended             Audited year
                                              30/11/00           ended 30/11/99
                              Note               £'000                    £'000

Turnover - continuing                           13,256                    8,922
operations
Cost of sales                                  (9,790)                  (6,032)

Gross profit                                     3,466                    2,890
Distribution costs                               (178)                    (175)
Administrative expenses                        (2,255)                  (1,994)
Research and development                          (58)                    (100)
expenses
Other operating income                              21                     (26)

Operating profit - continuing                      996                      595
operations
Interest receivable                                 14                       26
Interest payable and similar                     (145)                     (86)
charges

Profit on ordinary activities                      865                      535
before taxation
Tax on profit on ordinary       1                (275)                    (144)
activities

Profit on ordinary activities                      590                      391
after taxation
Minority interests - equity                         15                        -

Profit for the financial year                      605                      391

Dividends (all equity)          2                (303)                    (293)

Retained profit for the year                       302                       98

Earnings per share - basic      3               15.00p                    9.69p
and diluted




Consolidated balance sheet
at 30 November 2000


                                    Audited year ended             Audited year
                                              30/11/00           ended 30/11/99
                                                 £'000                    £'000
Fixed assets
Tangible assets                                  1,222                    1,289

Current assets
Stocks                                           2,533                    1,790
Debtors                                          3,051                    2,142
Cash at bank and in hand                           387                      619

                                                 5,971                    4,551
Creditors: Amounts falling                     (2,763)                  (1,709)
due within one year

Net current assets                               3,208                    2,842

Total assets less current                        4,430                    4,131
liabilities

Creditors: Amounts falling                        (60)                     (16)
due after one year

Provision for liabilities and                     (98)                     (89)
charges

                                                 4,272                    4,026
Capital and reserves
Called up share capital                            403                      403
Share premium account                            1,486                    1,486
Capital redemption reserve                           1                        1
Profit and loss account                          2,395                    2,136

Equity shareholders' funds                       4,285                    4,026


Minority interests - equity                       (13)                        -


                                                 4,272                    4,026




Consolidated cash flow statement
for the year ended 30 November 2000


                                    Audited year ended             Audited year
                                              30/11/00           ended 30/11/99
                                                 £'000                    £'000

Net cash inflow from                               394                      407
operating activities

Returns on investment and
servicing of finance
Interest received                                   14                       26
Interest paid                                     (53)                     (14)
Finance lease interest                             (4)                      (1)

Net cash inflow from returns
on investment and
                                                  (43)                       11
servicing of finance

Taxation
Corporation tax paid                             (198)                    (311)

Capital expenditure
Payments to acquire tangible                     (123)                    (497)
fixed assets
Receipts from sales of                              35                       27
tangible fixed assets
Receipt from sale of                                 -                       41
investment

                                                  (88)                    (429)

Equity dividends paid                            (293)                    (283)

Cashflow before financing                        (228)                    (605)


Financing
Capital element of finance                        (13)                     (12)
leases

                                                  (13)                     (12)

(Decrease) in cash                               (241)                    (617)



Notes


1.  Taxation comprises United Kingdom corporation tax of £36,000 (1999: £
    47,000), foreign tax of £226,000 (1999: £86,000) and deferred taxation of £
    13,000 (1999: £11,000).


2.  The directors have recommended a final dividend of 5.5p (1999: 5.25p)
    per share payable on 22 May 2001 to shareholders on the register at close of
    business on 27 April 2001.  The total dividend for the year, including the
    interim dividend of 2.0p (1999: 2.0p) per share paid on 15 September 2000,
    amounts to £303,000 (1999: £293,000), which is equivalent to 7.5p (1999:
    7.25p) per share.


3.  The basic and diluted earnings per share are based on the profit for
    the financial year of £605,000 (1999: £391,000) and on 4,034,498 ordinary
    shares (1999: 4,034,498 ordinary shares), the weighted average number of
    shares in issue during the year.


4.  This preliminary statement which has been agreed with the auditors and
    approved by the Board on 26 February 2001 is not the Company's statutory
    accounts.  The statutory accounts for each of the two years to 30 November
    1999 and 30 November 2000 received audit reports, which were unqualified and
    did not contain statements under section 237 (2) or (3) of the Companies Act
    1985.  The 1999 accounts have been filed with the Registrar of Companies but
    the 2000 accounts are not yet filed.