Acquisition

Quadnetics Group PLC
09 February 2004


Press Release                                                   9 February 2004


                              Quadnetics Group plc

                          Acquisition of Coex Limited


Quadnetics Group plc, a leader in the design, integration and control of
advanced CCTV and networked video systems, has acquired Coex Limited ('Coex'), a
specialist manufacturer and supplier of CCTV equipment and systems for extreme
or hazardous environments.  Coex primarily serves the worldwide marine and oil
and gas markets, providing proprietary engineered CCTV products and turnkey
systems for offshore platforms and ships.  The company is based near Brigg,
North Lincolnshire.


Consideration for the purchase is up to £1.365 million, payable by £1.165
million in cash on completion and up to a further £0.2 million in cash dependent
on profits for the 14-month period to 31 May 2004.  Net assets at completion are
estimated to be approximately £740,000 (before provision for corporation tax in
the current year).  In the year to 31 March 2003, Coex produced an audited
profit before tax of £133,000 on turnover of £3.0 million.


Russ Singleton, Chief Executive of Quadnetics, said:


'Coex is a well-respected company with blue-chip customers and a strong position
in a global niche sector of the CCTV surveillance market.  We believe Coex will
benefit from direct access to products from our subsidiary, Synectic Systems,
and that Quadnetics will be able to offer more extensive digital CCTV solutions
to Coex's customers.  I am delighted to welcome Coex as part of the Group.'


For further information, please contact:

Quadnetics Group plc                           Tel: [phone]
Russ Singleton, Chief Executive
Email: [e-mail]


Brewin Dolphin Securities                      Tel: [phone]
Neil Baldwin

Media enquiries:

Bankside Consultants Limited                   Tel: [phone]
Peter Curtain / Ariane Vacher
Email: [e-mail]

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