Trading Update

Netcentric Systems PLC
30 June 2006


30 June 2006

                               Netcentric Systems plc
                          ('Netcentric' or 'the Company')

                                  Trading Update

The Directors of the Company note that the London Stock Exchange has today
suspended trading in the Company's securities on AIM as a consequence of the
Company not having completed a reverse takeover in accordance with the timetable
specified under AIM Rule 15 relating to investing companies.

The Directors of the Company are pleased, however, to inform shareholders that
the Company has entered into non-binding heads of terms with a third party which
may lead to a transaction constituting a reverse takeover under the AIM Rules.
The Company is currently undertaking due diligence in relation to the
acquisition target, which is involved in the energy sector in the United States.
Should the transaction under discussion proceed to contract and be approved by
shareholders at an Extraordinary General Meeting, the Directors expect the
Company to be readmitted to trading on AIM on publication of an AIM admission
document.

A further announcement will be made as soon as appropriate.


Enquiries:

Simon Raggett
Strand Partners Limited
Tel: [phone]

Simon Rothschild
Bankside Consultants
Tel: [phone]



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