Trading Update

Mission Testing PLC 21 January 2002 MISSION TESTING PLC ('Mission Testing' or the 'Company') TRADING UPDATE The Directors of Mission Testing have recently reviewed their forecasts for the year ending 30 June 2002 and make the following statement: Interim results for the six months to 31 December 2001 are expected to be broadly in line with expectations and significantly ahead of the result for the same period last year. Whilst to date the Company has performed well, revenue from our consultancy operation, including Specialist Testing Solutions Ltd ('STS') which was acquired in September 2001, is unlikely to meet expectations. Despite being impacted by the well publicised economic slow down, the company remains on track to produce significant revenue growth and improved operating profit for the full year compared to the results for the year to June 2001. However, revenues for the full year are expected to be marginally down on market expectations and operating costs, which include a planned restructuring and further recruitment costs, are likely to be higher. The combined effect is likely to result in the company's profit before tax being below market expectations for the year to June 2002. The directors believe that the Company is well positioned to continue to take advantage of long term growth in the market for specialist software testing services and anticipate that the benefits of the investment in the business, including STS, will come though in the next financial year. For further information please contact: Tony Wells - Chief Executive Mission Testing plc 01293 457123 Carl Thompson - Finance Director Mission Testing plc 01293 457123 Terry Garrett Weber Shandwick Square Mile 020 7950 2800 This information is provided by RNS The company news service from the London Stock Exchange
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