Completion of Acquisition

Quadnetics Group PLC
20 February 2004


QUADNETICS GROUP PLC

20 February 2004

COMPLETION OF ACQUISITION

The Board is pleased to announce that it has completed the acquisition of Look
Closed Circuit TV Limited. At a Board meeting held today, 400,000 new ordinary
shares have been allotted to one of the vendors of Look. Application has been
made for these shares to be admitted to AIM, and admission is expected to be
effective on 25 February 2004.

As a result of the issue of new ordinary shares, the Company now has 11,526,691
ordinary shares in issue.

ENDS






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