AGM Statement

Spirent PLC
20 May 2003

                                                               819 - 20 May 2003

                                  SPIRENT PLC

                          CHAIRMAN'S 2003 AGM STATEMENT


At the Annual General Meeting of Spirent plc (LSE: SPT; NYSE: SPM), a leading
international network technology company, held today John Weston, Chairman, made
the following statement:

'Spirent's trading performance in the first quarter of 2003 has been in line
with expectations against a background of continuing tough conditions in the
telecoms sector, with all our operating groups profitable and cash generative.

'As part of our ongoing control of costs we have implemented further cost
reductions in the Communications group which are expected to deliver annualised
savings of £5.0 million at an exceptional cost of £1.0 million in cash.  In
addition we have exited from our under-performing optical test activities at an
exceptional cost of £3.0 million, of which £2.4 million is in cash.  Optical
test sales were £0.7 million in the year to 31 December 2002.

'Net debt at the end of April 2003 reduced to £103.0 million, compared with
£161.8 million at 31 December 2002, following completion of the divestment of
our interests in WAGO, our interconnection joint venture.

'Difficult trading conditions continue to be experienced by our Communications
group with many of our key customers maintaining a short term outlook in respect
of the timing of capital spending and we expect this to continue throughout
2003.  We believe that the longer term outlook for our products and services
remains positive with future opportunities being created by the continuing
strong underlying growth in data traffic and the development of next-generation
networks worldwide.'


                                    - ends -


Enquiries

Nicholas Brookes, Chief Executive         Spirent plc         [phone]
Eric Hutchinson, Finance Director

Investor Relations
Catherine Nash                            Spirent plc         [phone]

Media
Jon Coles/Rupert Young                    Brunswick          [phone]

About Spirent

Spirent plc is an international network technology company providing
state-of-the-art systems and solutions for a broad range of customers worldwide.
Our Communications group is a worldwide provider of integrated performance
analysis and service assurance systems for next-generation network technologies.
Spirent's solutions accelerate the development and deployment of network
equipment and services by emulating real-world conditions and assuring
end-to-end performance of large-scale networks.  Our Network Products group
provides innovative solutions for fastening, identifying, insulating,
organising, routing and connectivity that add value to electrical and
communication networks in a wide range of applications.  Our Systems group
offers integrated product solutions for the aerospace and power controls
markets.  Further information about Spirent plc can be found at www.spirent.com

Spirent plc is listed on the London Stock Exchange (ticker: SPT) and on the New
York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) with one American
Depositary Receipt representing four Ordinary shares.

Spirent and the Spirent logo are trademarks of Spirent plc.  All rights
reserved.

This press release may contain forward-looking statements (as that term is
defined in the United States Private Securities Litigation Reform Act 1995)
based on current expectations or beliefs, as well as assumptions about future
events.  You can sometimes, but not always, identify these statements by the use
of a date in the future or such words as 'will,' 'anticipate,' 'estimate,'
'expect,' 'project,' 'intend,' 'plan,' 'should,' 'may,' 'assume' and other
similar words.  By their nature, forward-looking statements are inherently
predictive and speculative and involve risk and uncertainty because they relate
to events and depend on circumstances that will occur in the future.  You should
not place undue reliance on these forward-looking statements, which are not a
guarantee of future performance and are subject to factors that could cause our
actual results to differ materially from those expressed or implied by these
statements.  Such factors include, but are not limited to: the effects of
competition on our business; our ability to develop and commercialise new
products and services and realise product synergies; risks relating to the
acquisition or sale of businesses and our subsequent ability to integrate
businesses; our ability to meet and achieve the benefits of our cost reduction
goals and otherwise successfully adopt cost structures to respond to changes in
business conditions; risks that our cost cutting initiatives will impair our
ability to develop products and remain competitive; our ability to improve
efficiency and adapt to the current economic slowdown and other changes in
demand; changes in the business, financial condition or prospects of one or more
of our major customers; our reliance on third party manufacturers and suppliers;
risks of not retaining or increasing market share; our exposure to liabilities
for product defects; our reliance on proprietary technology; our ability to
attract and retain qualified personnel; risks of doing business internationally;
changes in market conditions in the markets in which we participate or in
general economic or political conditions; and other risks described from time to
time in Spirent plc's Securities and Exchange Commission periodic reports and
filings.  The Company undertakes no obligation to update any forward-looking
statements contained in this press release, whether as a result of new
information, future events or otherwise.


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