AGM Statement

Radstone Technology PLC
09 September 2004


For Immediate Release                                           9 September 2004


                            Radstone Technology PLC
                             Annual General Meeting

Chairman's Statement


Speaking at today's Annual General Meeting of Radstone Technology PLC
("Radstone"), the world's leading independent supplier of high-performance,
embedded computer products for defence and aerospace applications, the Chairman,
Rhys Williams made the following Statement:


"Two months ago we announced the successful completion of our acquisition of
Octec Limited based in Bracknell, UK.  I would like to take this opportunity of
welcoming the Octec employees to the Radstone Group.  We believe that this
business will be an important contributor to the Group's profits in the years
ahead.


Sales in the first five months of the year were below the corresponding period
last year, although this is due to the phasing of production schedules on a
number of major long-term programmes towards the second half of this year.  In
the light of these schedules, a higher proportion of deliveries is expected to
be made this year in the second half and the board remains confident about
prospects for the year as a whole.


Net debt for the Group was £15.1m at the end of August and compares to £12.7m at
the year-end.  This reflects the final construction and fit-out cost for the new
Tove Valley property of £2.6m, receipt of £4.1m on the sale of our previous
facility at Water Lane and £4.0m of additional debt on the acquisition of Octec,
for which we also raised £6.1m of new equity.


New orders received in the first five months totalled £14.0m; this is £10.1m
below last year, although last year had the benefit of the inclusion of a £14m
multi-year production contract.  The overall order book remains strong at a
record £86.3m up from £79.3m at the beginning of the year and £73.8m at this
time last year, which underpins the Board's confidence in the Group's 
prospects."


Rhys Williams
Chairman
Radstone Technology PLC


-ends-

For further information please contact:


Radstone Technology PLC                                  Buchanan Communications

Jeff Perrin, Chief Executive                             Tim Thompson

Kevin Boyd, Group Finance Director                       Nicola Cronk

01327-359444                                             020 7466 5000

Web: http://www.radstone.co.uk                           E-mail: [e-mail]


For more information about Radstone Technology PLC and its business, products
and services, visit the company's web site at: http://www.radstone.co.uk


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