Interim Results

HOLDERS TECHNOLOGY PLC
28 July 1999


     Holders Technology plc - Preliminary announcement of interim results     
                                         
The Board of Directors of Holders Technology plc - supplier of tools,
materials and equipment to the European printed-circuit board and engineering
industries - announces the Group's unaudited results for the half-year ended
31 May 1999 as follows:

The period to 31 May 1999 resulted in a turnover of £4,576,000 as compared
with £4,738,000 for the first half of last year.  Pre-tax profits reduced to
£308,000 (£532,000) and earnings per share (basic) fell to 5.03p (9.00p).

A net interim dividend of 2.00p per share (1998: 2.00p) will be payable on 17
September 1999 to shareholders on the Register of Members at the close of
business on 13 August 1999.  

In his statement on the results for the period and the Company's activities,
Mr Rudolf W Weinreich, Chairman and Chief Executive of Holders Technology plc,
says:

'The Chairman's statement contained within the Report and Accounts for the
year to 30 November 1998 commented on the very competitive conditions within
the markets which we serve and said that the current year would be more than
usually difficult to predict.

The interim figures demonstrate the validity of those comments in that both
our UK and Dutch operations have seen marked declines in profitability
compared with the preceding period.  Our Scandinavian operation has held its
position and only our German undertaking has shown an increase in
profitability.

Given the higher percentage of profits arising from non UK activities, the
general weakness of the European currencies against sterling has inevitably
had an adverse currency translation impact on the interim figures for the
Group.

The first half has also borne the cost of considerable, largely non-recurring,
expenses incurred in relation to development work on new products and
services.  In total these costs amount to some £100,000.  As a matter of
prudence these costs have been written off in the first half but prospects for
these new developments are positive and may bring some benefit to the second
half of the current year.

The out turn for the full-year will be mainly determined by the degree to
which competitive pressures within the UK and Holland ease and the scale of
the benefit received from the introduction of the new products and services. 
At the time of writing it is unlikely that the second half will be
sufficiently buoyant to recover the ground lost in the first half but some
improvement from the current levels of profitability may be expected.

The Group's balance sheet remains strong with total debt of £481,000 and net
cash balances of £798,000 on 31 May 1999 following capital expenditure in the
period of £368,000.

The Group continues to be committed to growing the business in spite of the
current difficulties in certain markets.  It is well placed to achieve this
growth as new products and services are introduced and the benefits of the
strengthened sales organisation created in the UK, Germany and Scandinavia are
seen.

We are pleased that Hamish Kinmond has joined the board on 1 July as Group
Finance Director and that Anthony Berman has agreed to stay on the board as a
Non-executive Director.

Year 2000

Having made enquiries of suppliers, customers and staff, the board do not
expect material disruption to our business from the Year 2000 issue but the
complexity of the matter prevents any business offering absolute assurance on
this issue.'


SUMMARY OF RESULTS
for the half-year ended 31 May 1999

                                     Unaudited       Unaudited       Audited
                                     half-year       half-year     full-year
                                      ended 31        ended 31      ended 30
                                      May 1999        May 1998      Nov 1998
                             Notes       £'000           £'000         £'000

Turnover                       1         4,576           4,738         8,502
                                         -----           -----         -----
Profit before taxation                     308             532         1,010
Taxation                       2          (105)           (171)         (327)
                                         -----           -----         -----
Profit after taxation          3           203             361           683
                               
Dividends                                  (81)            (80)         (284)
                                         -----           -----         -----
Profits retained                           122             281           399
                                         =====           =====         =====
Earnings per share - basic     4          5.03p           9.00p        16.98p
                                         -----           -----         -----
Earnings per share - diluted   4          5.03p           8.98p        16.98p
                                         -----           -----         -----

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

Profit for the financial year              203             361           683

Currency translation differences           (78)             23            14
                                         -----           -----         -----
                                           125             384           697
                                         -----           -----         -----
Notes:

1.  The interim results are prepared on the basis of accounting policies set
    out in the financial statements for the year ended 30 November 1998.

2.  The tax charge for the six months ended 31 May 1999 is calculated based on
    the tax rates applicable in the country in which each company operates. 
    The effective rate of tax is 34.1 per cent. (1998: 32.3 per cent.).

3.  The dividend payment of 2p per share is payable on the total issued share
    capital of 4,034,498 10p ordinary shares.

4.  The earnings per ordinary share for the six months ended 31 May 1999 have
    been calculated using Financial Reporting Standard 14 and comparative
    figures have been presented accordingly.  The calculation of earnings per
    share, for the six months, is based on profit attributable to equity
    shareholders of £203,000 (1998: £361,000) and 4,034,498 (1998: 4,011,113)
    shares being the daily average of the number of shares in issue during the
    period.  The diluted earnings per share is based on a weighted average of
    4,034,498 (1996: 4,019,734) shares after allowing for exercise of options.

5.  The results for the half year to 31 May 1999 are unaudited.  The results
    for the year ended 30 November 1998 are taken from the full accounts filed
    with the Registrar of Companies, which contained an unqualified report and
    did not contain statements under s237 (2) or (3).

6.  A copy of this interim report is being sent to shareholders and is
    available for inspection at the Company's registered office, 85 Ballards
    Lane, Finchley, London N3 1XU.


For further information, contact:

Mr Rudi Weinreich, Chairman and Chief Executive, Holders Technology plc, on
0181 343 7095

Mr Barrie Newton, Director, Rowan Dartington and Co. Limited, 0117 9253377.