Trading Statement

Vislink PLC 27 November 2003 Vislink plc Contract win, trading and operational strategy update Contract win Vislink plc ('Vislink') announces the award of a US$58 million (£34 million) contract to supply new equipment and services to the Venezuelan national broadcaster, Compania Anomina Venezolana de Television ('VTV') to upgrade their national TV network. The contract was won by Continental Microwave Limited ('CML'), a subsidiary company within Vislink's UK broadcast business. CML will manage the supply and installation of microwave and satellite transmission links, TV transmitters, outside broadcast vehicles and new studio production equipment. The financial benefits of this contract will be spread over 2004 and the first half of 2005, with a minimal contribution to this year's results. Trading update As reported in the interim statement in September, the company reported that the trading results for the full year to 31 December 2003 would be dependent on the timely conversion of the potential orders by the UK broadcast business. The level of new business in the UK has been slower than expected and therefore the Group's trading results for the second half of this year are now expected to be similar to those of the first half. Vislink's US broadcast business has continued to perform strongly and has won significant orders from broadcast, homeland security and US Government customers. Hernis continues to trade in line with expectations. Operational Strategy update The strategic process, reported upon in both the 2002 full year and 2003 interim results statements, relating to the operational rationalisation and overhead reduction of the UK broadcast business, together with the scaling down of its transmitter business will result in a provision being made for the exceptional costs of circa £3.7 million in the 2003 full year accounts. ----Ends--- For further information on Thursday November 27 2003, please contact: Ian Scott-Gall 01488 685500 Chief Executive James Trumper 01488 685500 Group Finance Director This information is provided by RNS The company news service from the London Stock Exchange
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