Final Results

Titon Holdings PLC
12 December 2000


                              TITON HOLDINGS PLC

                         PRELIMINARY RESULTS FOR THE

                         YEAR ENDED 30 SEPTEMBER 2000

                             Chairman's Statement



Financial Results

Reported net profit for the year was 4.3% down on last year at £1.937million
(1999: £2.025million), and basic earnings per share were 3.6% down at 12.05p
(1999: 12.51p). Turnover increased by 1% to £14.64million (1999: 
£14.46million).

I commented in last years statement that we had received an amount of £124,000
in respect of a legal settlement, which improved last year's result. After
adjusting for this, the net profit for the current year has actually increased
by 2%.

Capital Expenditure for the year has again been high at £1.15million (1999: 
£0.75million), reflecting the completion of the factory extension at a total
cost of £675,000. Net cash balances have increased throughout the period to
stand at £3.83million at the year end (1999: £3.67million), representing 34.6p
per Ordinary Share.

The Directors are proposing a final dividend of 4.5p per ordinary share (1999:
4.3p), making a total of 6.8p for the year (1999: 6.5p). The dividend will be
payable on 22 February 2001 to shareholders on the register on 26 January
2001. The ex-dividend date will be 22 January 2001.

Sales Commentary

U.K. sales were little changed in a competitive and volatile home market, with
slight growth in sales of our own products being offset by a disappointing
reduction in sales of products bought in from other manufacturers.

The 'Select' range of ventilators continues to show solid progress, and has
assisted the Company in building a strong and growing customer base.
Supporting and enhancing this range has been the successful introduction of
the suited 'Select' window handles, sales of which have been growing steadily.
Further additions will be launched during the coming year and we are very
enthusiastic about the sales potential of the expanding 'Select' range.

The staff re-organisation described in my previous end of year Statement is
beginning to benefit our sales and marketing operation.

I am pleased to report modest growth in our export sales which have risen to £
1.17million (1999: £0.99million). We have invested in extra staff in both the
United States and in Europe where changes to our marketing approach have
recently been initiated. We will continue to explore new areas of opportunity
and the improvement in performance is expected to be sustained.

Manufacturing

The new extension at our factory premises in Haverhill is now complete and
operating effectively in providing the extra manufacturing facilities required
by the increase in own product sales. We continue to invest in high quality
machinery and in employee training in order to improve our efficiency and
maintain our competitiveness in an increasingly global market place.

Our policy of automating the assembly of suitable product lines continues by
means of machines designed and built by our own highly skilled engineering
department. Further benefits of this will be seen in the coming year.



Personnel

We are pleased to announce the appointment of Mr Arthur Stoney as Technical
Director of our main operating subsidiary, Titon Hardware Limited, effective
from 1 January 2001. Arthur has been with the company for 20 years, most
recently as head of Research and Development, and will now have responsibility
for the wider engineering function.

Our commitment to growth has again shown an increase in our number of
employees. We continue to strengthen areas aligned to direct sales, and to
provide improved training facilities to our staff in all sectors.

Once again, the Board wishes to thank all employees for their hard work and
dedication in achieving most creditable results this year. Their ongoing
commitment will be an important element for the Company to achieve greater
success.

Prospects

We will continue to invest in all sectors of our business; in people, product
innovation, equipment, services, and training. Improved communication systems,
emerging strategies and new product introductions are beginning to provide the
springboard and enthusiasm for continued growth. The expanding influence of
energy efficiency in our living and working environment, and the related
health problems, are providing even greater opportunities for Titon 'natural
ventilation' products in the future.



John Anderson
Chairman and Chief Executive
12th December 2000


TITON HOLDINGS PLC

Consolidated profit and loss account for the year ended 30 September 2000
                                                                  2000     1999
                                                                 £'000    £'000

Turnover                                                        14,641   14,461
Cost of sales                                                   10,253   10,287

Gross profit                                                     4,388    4,174
Distribution costs                                                 713      587
Administrative expenses                                          1,942    1,822
                                                                 2,655    2,409
Operating profit                                                 1,733    1,765
Interest receivable                                                211      260
Interest payable and similar charges                               (7)        -
Profit on ordinary activities before taxation                    1,937    2,025
Taxation on profit on ordinary activities                          609      647
Profit on ordinary activities after taxation                     1,328    1,378

Attributable to the members of Titon Holdings plc
Dividends                                                          751      716
Retained profit for the financial year                             577      662

Earnings per share                                              
- basic                                                         12.05p   12.51p
- diluted                                                       12.02p   12.48p
Dividends per share                                              2.30p    2.20p
Interim paid                                                     4.50p    4.30p
Final proposed                                                   6.80p    6.50p

There were no recognised gains or losses other than the profit for the year
ended 30 September 2000.

TITON HOLDINGS PLC

Consolidated balance sheet at 30 September 2000


                                                                  2000     1999
                                                                 £'000    £'000

Fixed assets
Tangible assets                                                  3,629    3,138
Current assets
Stocks                                                           2,119    2,046
Debtors                                                          2,913    3,146
Cash at bank and in hand                                         3,907    3,816

Creditors:                                                       8,939    9,008
Amounts falling due within one year                              2,599    2,774

Net current assets                                               6,340    6,234
                                                                 9,969    9,372
Capital and reserves
Called up share capital                                          1,106    1,102
Share premium account                                              819      803
Profit and loss account                                          8,044    7,467

Equity shareholders' funds                                       9,969    9,372


TITON HOLDINGS PLC

Consolidated cash flow statement for the year ended 30 September 2000


                                                                 2000      1999
                                                                £'000     £'000

Net cash inflow from operating activities                      2,230      2,190
                                                                
Returns on investments and servicing of finance
Interest received                                                 211       260
Interest paid                                                     (7)         -

                                                                  204       260
Taxation
UK corporation tax                                               (412)   (1,005)
                                                                
Capital expenditure
Purchase of tangible fixed assets                             (1,236)     (759)
Sale of tangible fixed assets                                      79         7
                                                              (1,157)     (752)

Equity dividends paid                                           (727)   (2,181)

Net cash inflow/(outflow) before use of management of liquid      138   (1,488)
resources and financing                                                 

Management of liquid resources                                   (87)    1,487
                                                                          

(Purchase)/ sale of treasury deposits

Financing
Issue of ordinary share capital                                    20         -
Increase/(decrease) in cash                                        71       (1)



TITON HOLDINGS PLC

Notes to the preliminary results for year ended 30 September 2000

Notes:


 1. Earnings per share has been calculated in accordance with FRS14. Basic
    earnings per share has been calculated by dividing the profit attributable
    to shareholders of £1,328,000 (1999: £1,378,000) by the weighted average
    number of ordinary shares in issue during the year of 11,022,073 (1999:
    11,017,200)

    The diluted earnings per share has been calculated by dividing the profit
    attributable to shareholders £1,328,000 (1999: £1,378,000) by the weighted
    average number of ordinary shares and dilutive ordinary shares during the
    year of 11,050,032 (1999: 11,041,040). All dilutive ordinary shares relate
    to share options.

 2. The Preliminary Announcement does not constitute statutory accounts. The
    auditors' report on the full financial statements for the ended 30
    September 2000 has yet to be signed.

 3. The actual results for the year ended 30 September 1999 as shown in this
    statement are an abridged version of the Group's 1999 accounts which have
    been filed with Registrar of Companies and which received an unqualified
    audit report.

    The results for the year ended 30 September 2000 have been prepared on a
    basis consistent with the accounting policies set out in the statutory
    accounts for the year ended 30 September 1999.

 4. The Preliminary Announcement was approved by the Board of Directors on 11
    December 2000.

 5. This statement is being sent to shareholders and will be available from the
    Company's registered office at International House, Peartree Road,
    Stanway, Colchester, Essex CO3 5JX.