Reclassification of Spirent

Spirent PLC 18 July 2000 SPIRENT TO BE RECLASSIFIED UNDER FTSE INFORMATION TECHNOLOGY HARDWARE SECTOR Spirent plc ('Spirent'), the international technology company, announces that following a decision by the FTSE Global Classification Committee, it will be reclassified under the 'Telecommunications Equipment' sub-sector of the 'Information Technology Hardware' sector with effect from 24 July 2000. The transfer of Spirent from the 'Electronic and Electrical Equipment' sector reflects the increasing focus of the company on its telecommunications activities. In the second half of 1999, operating profit before goodwill amortisation for its Communications group accounted for 51 per cent of operating profit for continuing businesses. The Communications group produces innovative, high performance test solutions for developers, manufacturers and evaluators of telecommunications equipment and for operators of telecoms networks. Nicholas Brookes, Chief Executive, commented: 'We are pleased that Spirent has been moved to the Information Technology Hardware sector, as this more accurately reflects the changing shape and strategic direction of our business.' Enquiries: Nicholas Brookes, Chief Executive Spirent plc +44 (0)1293 767676 Eric Hutchinson, Finance Director Jon Coles/Rupert Young Brunswick (London) +44 (0)20 7404 5959 Sara Strong/Nina Pawlak Brunswick (New York) +1 212 333 3810 Background note: Spirent plc is a global business providing state-of-the-art electronic solutions with a focus on high growth, high margin, high technology activities. It is a world leader in advanced telecommunications testing systems. www.spirent.com Spirent is quoted on the London Stock Exchange, ticker SPT. The Company operates a Level 1 American Depository Receipt programme (ticker: SPNUY; CUSIP number: 84856M100). For information, contact Brian Heston, The Bank of New York, American Depositary Receipts, 101 Barclay St, 22 West, New York, NY 10286 Phone: (212) 815 3938, Fax: (212) 571 3050, email: bheston@bankofny.com web site: www.adrbny.com The FTSE Global Classification System is operated by FTSE. For further information please contact FTSE Client Services on +44 (0)20 7448 1810 or +(1) 212 771 6595. Alternatively, email enquiries to info@ftse.com or visit www.ftse.com
UK 100

Latest directors dealings