Final Results

TT Group PLC
26 March 2001

                                 TT GROUP PLC

           Preliminary Results for the year ended 31 December 2000

TT Group, a leading global electronics company with advanced sensor and
resistor technologies announces its preliminary results.

HIGHLIGHTS


  * Turnover increased 22% to £746.0m (1999: £612.4m)

  * Operating profit before goodwill amortisation increased 24% to £51.6m
    (1999: £41.7m)

  * Earnings per share before goodwill amortisation increased by 30% to
    21.0p (1999: 16.2p)

  * Basic and fully diluted earnings per share rose 14% to 18.7p (1999:
    16.4p)

  * Final dividend of 6.36p, making 10.05p for the year, an increase of 3%
    (1999: 9.79p)
  * The announced de-merger of glass container packaging businesses focuses
    the Group on the electronic and electrical sector
  * Proposed name change to TT electronics plc
  * New sensor technology helped increase sales to automotive sector by 32%
    with long term order books.
  * Group's order book well ahead of last year.

John Newman, Executive Chairman said today:

'These results highlight the success of the strategy to focus on the
electronics sector. The announced demerger of our glass container packaging
businesses together with our proposed name change to TT electronics plc
completes this strategic move.

Our focus on electronic technologies has enabled the Group to grow both sales
and our forward order book. TT Group is now well placed to continue its
expansion in global markets and is optimistic for the long term future.'

                                                                 26 March 2001




Enquiries:

TT Group PLC                                       Tel: [phone]

John W Newman, Executive Chairman

College Hill                                       Tel: [phone]

James Henderson



CHAIRMAN'S STATEMENT

TT Group has had a successful year with growth in turnover and a recovery in
profits. Turnover of £746.0 million compares with £612.4 million in 1999, an
increase of 22 per cent. Profits before taxation and amortisation of goodwill
and exceptional items have increased from £37.7 million to £44.2 million, a
growth of 17 per cent. Earnings per share before amortisation of goodwill and
exceptional items were 21.0p compared with 16.2p in the previous year, an
improvement of 30 per cent. Basic and fully diluted earnings per share were
18.7p (1999 - 16.4p). The taxation charge for the year was 27 per cent (1999 -
27.9 per cent). The charge for amortisation of goodwill of £2.0 million is in
respect of the purchase of Prestwick Holdings plc in 1999 and BI Technologies
in January 2000. The exceptional loss for the year of £1.5 million arises from
the sale of Strainstall Engineering Services, a stress analysis business, sold
in September 2000 for a consideration of £0.8 million.

The success of TT Group this year, particularly in its electronic activities,
has been the result of the efforts made last year to expand the business by
placing more emphasis on the development of technologically advanced products
for the Group's customers. The value of outstanding orders at the year end has
increased by over 35 per cent. The electronic division turnover has increased
by 43 per cent to £434.0 million and its operating profit before goodwill
amortisation, by 64 per cent to £42.1 million, being 82 per cent of TT Group's
total operating profit.

The acquisition of BI Technologies, a leading manufacturer of resistors,
trimmers, inductors and sensors, in January 2000 has been a success. This
acquisition has further strengthened the Group's electronic activities by
providing an increased global presence, low cost manufacturing facilities, and
has broadened the international original equipment manufacturing customer
base. Included in the acquisition was an established Japanese sales office,
which has provided the opportunity to sell a wider range of the Group's
products into the Japanese market.

In last year's Chairman's Statement, shareholders were informed of the
decision made by the Board, following a comprehensive review, to dispose of
non-core businesses. Negotiations, which were at a very advanced stage, for
the sale of the glass container businesses failed in late November. The Board
has therefore decided to recommend to shareholders the demerger of the glass
container businesses, Beatson Clark, Pont Packaging, Pont Emballage, Lewis &
Towers, together with the architectural ironmongery business, James Gibbons
Format. The intention to demerge was announced on 20 March 2001. It is
envisaged that the completion date for the demerger will be prior to the end
of the second quarter of this year. The Board considers this to be the most
appropriate route to return value to shareholders and to enable TT Group to
concentrate on electronic and electrical activities, which have contributed 92
per cent of this year's turnover and Group operating profit.

As part of the Group's disposal programme, the business of F. D. Sims Limited,
a magnet wire manufacturer, was sold on 28 February 2001 for expected cash
proceeds slightly in excess of £5.0 million.

At 31 December 2000, TT Group had total net indebtedness of £97.2 million
(1999 - £42.5 million). The increase in debt has been due to the TT Group
buying in for cancellation, 11,568,664 of its own shares at an average cost of
107p, totalling £12.4 million, the acquisition of BI Technologies for £39.8
million and the financing of the Group's growth in turnover.

The Board recommends a final dividend of 6.36p (1999 - 6.10p) bringing the
total dividend for the year to 10.05p compared with 9.79p last year, an
increase of 3 per cent.

The Board would like to thank all of the Group's employees throughout the
world for their endeavours during the last year and is confident of their
support in the current year.

To reflect the electronic emphasis of the Group, and to assist in the
presentation of the full range of products to its customers, the Board has
decided to recommend to shareholders at the Annual General Meeting that TT
Group's name is changed to TT electronics plc.

TT Group now has an exciting platform for future growth and is being
increasingly recognised by customers as an innovative and reliable supplier of
electronic components. Strategically, the Group plans to augment aggressive
organic development of new products, with selective international
acquisitions, which will both be complementary with the global aspirations and
provide new opportunities for existing businesses and product lines. As a
result TT Group looks forward to continued growth.


                                                                 John W Newman

                                                            Executive Chairman

                                                                 23 March 2001



CHIEF EXECUTIVE'S REVIEW

TT Group's strategy, announced last year, to focus more resources on
electronic businesses has been the major platform for the greatly improved
results for 2000. The announcement on 20 March 2001 of the intention to
demerge the Group's glass container packaging business is a further major move
towards the completion of this process.

The underlying improvement in profits of the Group's global electronic
businesses has arisen from the successful ramp up to full production of a
number of new products and has also been assisted by the strong worldwide
demand for electronic components. The acquisition of BI Technologies, a
manufacturer of electronic components, in January 2000, has further enlarged
the product range and customer base in this market place.

The electrical sector continued to experience difficult trading conditions in
both the cables and power generator set businesses. However the cable
accessories, specialist compounds and fine wire operations achieved good
growth and the ground power unit business benefited from a strong order intake
from the aerospace industry.

The Group's goal of sustained growth requires excellence in service and
quality in close technical liaison with customers. New technologies and
innovations reduce product cost and increase the added value of products.
Management teams are committed to achieve these goals supported by monitoring
and feedback systems at each operation to ensure objectives are met.

In order to maintain the ability to manufacture competitively priced products
of the quality expected, the Group's policy for many years has been to invest
in modern manufacturing equipment. The philosophies of 'Lean Manufacturing'
are backed up by manufacturing systems which respond rapidly to changes in
customer demand. Strong financial information ensures a detailed knowledge of
product costing, thereby enabling product margins to be maximised by
re-engineering or other methods of cost reduction.

The continuing volatility of the British pound has had an adverse effect on
export margins. The Group is countering this disadvantage by ensuring that it
is less reliant on United Kingdom profits by investing in overseas companies
and has a programme to reduce manufacturing costs by moving labour intensive
products to the Group's lower cost manufacturing operations overseas.

Electronic

The electronic sector of the Group, representing 58 per cent of turnover and
82 per cent of operating profit before amortisation of goodwill, has been
carefully built up over the years by a combination of acquisitions and organic
growth. Over the last two years the management of the electronic business has
been successfully reorganised to ensure maximum penetration of the Group's
main market places. The acquisition in January 2000 of BI Technologies, a
leading USA based manufacturer of trimmers, potentiometers, surface mount
resistors, hybrids and inductors, with manufacturing in USA, Mexico, Malaysia
and Scotland, has significantly expanded the range of components offered to
the market and has enhanced the Group's option of manufacturing locations.
Synergies in administrative systems are already providing improved customer
services with lower costs. During the year the established sales and
distribution operation of BI Technologies in Japan succeeded in winning a
number of new 'design-ins' for the Group's existing products which will
generate growth in the future. Japan is a new market for the Group which will
more easily be penetrated with the benefit of an established sales office.

One of the Group's printed circuit board manufacturing factories suffered a
fire in July 2000. By rapidly installing additional capacity in another nearby
factory historic production levels were regained by the year end. At all times
a close liaison with customers was maintained to ensure minimum disruption to
their production requirements.

The Group's electronic businesses supply the world's major original equipment
manufacturers' growing requirement for electronic components, and service
customers in the automotive, telecoms, computer and industrial markets.

Automotive market

This major growth market is increasing due to the requirement for electronic
products being built into each new generation of vehicles to satisfy the
continuing demands for cleaner, safer vehicles with greater functionality. It
is estimated that 90 per cent of all future innovations in vehicles will be
based on electronic systems and by the year 2010 it is estimated that
electronic systems will account for 40 per cent of the total cost of a
vehicle, compared with only 20 per cent today. TT Group has recognised the
opportunities this generates and has developed a range of specialist products
to satisfy this growing demand. The strategy of working closely with
automotive customers continues to be successful in ensuring that an increasing
number of the Group's products are incorporated into newly designed vehicles.
This strategy has built a market position where over 50 per cent of vehicles
produced in Europe and the USA contain at least one component or sub-assembly
manufactured by the Group. The Group's range of electronic products for the
automotive market includes sensors, resistive products, potentiometers,
trimmers, hybrid circuits, printed circuit boards and climate control systems.
A number of the Group's technologies are patented, ensuring that future
revenues from newly developed products in key technologies are protected.

Legislation has required engineering development to produce more fuel
efficient vehicles with cleaner emissions to reduce the world's greenhouse
effect. TT Group is a leading manufacturer of products which are utilised to
comply with this legislation. The products include exhaust emission gas
recirculation sensors which minimise emission pollution, mass airflow sensors
which monitor and optimise the combustion of fuel, and a wide range of sensors
specially developed for the latest technologies of drive and steer by wire
which increase systems responsiveness and reduce vehicle weight. All of these
products are incorporated in major manufacturers' current production vehicles.

Vehicle safety products include a range of ABS braking sensors using inductive
technology, patented thick film fire safe technology for fan speed control, a
series of advanced thin film resistors specifically designed for the latest
generation of intelligent airbag ignitors and height sensors used as part of a
monitoring system for car stability and road holding. In addition, the Group's
latest patented patchwork technology is utilised as the starter mechanism for
Xenon high intensity discharge headlights, which give a brighter, safer light
at night.

Air heating and cooling, as well as more sophisticated air conditioning
systems, are becoming standard equipment even on lower cost ranges of vehicles
and the Group has established an excellent reputation for 'top end' systems
which are manufactured both in the United Kingdom and the USA for major
vehicle manufacturers.

In 2000 the Group was successful in winning several major contracts for these
new technologies. These contracts will cover components and systems which have
been designed into current vehicle platforms and will have an ongoing life of
three to five years that will provide sales growth for the future.

Telecoms market

The sales growth of mobile telephones is well known and the investment in the
infrastructure to support this market is projected to maintain a rapid growth
rate over the next few years. The Group manufactures a wide range of
electronic components, including resistive products, inductors, hybrids and
custom electronic modules, it also provides an electronics manufacturing
service. This market is predicted to continue to grow. The components provided
by TT are incorporated into fibre optic cable booster stations, switching
centres and servers, which not only support mobile telecommunications, but
also the internet for both business and home use.

The Group's sales into this market grew by 47 per cent in 2000 on the back of
very strong demand from major global telecom customers. Demand was satisfied
by maximising the utilisation of our existing capacity, together with
investment programmes for additional high technology production equipment to
cope with the predicted ongoing growth.

TT Group has supplied the telecoms industry for many years with a range of
fixed line protection devices for conventional switching, supplying over 20
per cent of world demand. Over the last few years, investment in product
development and equipment has enabled the Group to be a major manufacturer
satisfying the growth in demand for high speed broadband communications
equipment which requires advanced packaging solutions involving
opto-electronic technology.

Desktop PCs and laptops interface with the internet and the Group continues to
develop current sensing products for battery and power management, filters and
transistors, as well as inductors for signal noise management. Unit sales of
PCs and laptops are projected to grow by 10 per cent per annum and over 30 per
cent of the 112 million PCs and laptops sold worldwide in 2000 incorporated at
least one of the Group's components.

Telecoms is a rapidly evolving market with fast changing technologies. The
Group continues to develop a wide range of products and services and is
confident in its ability to maintain sales growth in this market.

Electrical

The cables business continues to encounter competitive trading conditions in
the home market due to a general oversupply, as well as lower priced imports
from Europe and the Far East. Exports remain below historic levels, but there
are signs of future improvement in the Far East. Sub-sea cable contracts are
spasmodic and whilst a major sub-sea cable contract for Shell Nigeria was
completed in the first half, the facility was under utilised in the latter
part of the year. A number of sub-sea contracts have recently been won that
will have a positive effect in the second half of 2001. Both the cables
accessories business and the special cables compounds business continue to
develop new products to meet customers' requirements and expand their sales
and customer bases.

Despite the reorganisation of the power generation businesses onto one site,
they remained under-utilised due to lack of orders from historic export
customers in the Far East, who are still unable to raise the necessary
finance. As expected demand in the home market for standby generation for
telecoms has been delayed due to customers' financial constraints. It is
anticipated that these projects will proceed later this year. Profits were
adversely affected by losses on a major project in France. The uninterruptible
power supply business has also seen a temporary slowdown in the telecoms
market place, prior to the expected roll out of the latest 3G base stations
for which the Group has developed a range of rectifiers and converters that
are able to interface with the internet for remote monitoring.

Packaging

It is encouraging to report that glass containers supplied to the
pharmaceutical, food and drinks manufacturers recorded their highest unit
sales ever, but surplus capacity in Europe, and the weakness of the Euro,
ensured fierce price competition and a weakening of margins, both in the home
market and in the Group's distribution centres in mainland Europe. Continued
efforts were made during the year to contain overheads and improve efficiency
and unit costs. However the doubling of some energy prices in the last quarter
offset much of the cost improvements made during the year.

Glass melting furnaces require replacing about every seven years. One of the
Group's four furnaces was taken out of service in late December, rebuilt in an
eight week period and is now successfully back into production.

Due to a technical reassessment, delays to the launch of a new range of
end-of-line stretch wrap packaging machines adversely affected sales. This
should be reversed after the launch of the re-engineered products in Spring
2001.

As stated earlier, the glass container businesses are being demerged in order
that the Group can concentrate resources into the electronic and electrical
businesses.

Outlook

A careful watch is being kept on the current market but the longer term
outlook for electronics in the Group's main automotive, telecoms and
industrial market places remains positive, with considerable growth potential.
Although there are indications that demand in the first half of 2001 has
slackened this is only against the context of unusually high growth last year.
The electrical business continues to meet challenging competition, and is in a
good position to take advantage of any upturn in these markets. The focus on
customer specific applications ensures a better visibility of future demand
and 2001 starts with a strong order book.



                                                          Sheridan W A Comonte

                                                               Chief Executive

                                                                 23 March 2001

Consolidated Profit and Loss Account

For the year ended 31 December 2000

                            Acquisition                 To be     2000     1999
                               £million          discontinued    Total    Total 
                                         £million    £million £million £million
                        Note                                               
                                                              

Turnover                   1       71.3     617.4        57.3    746.0    612.4
Cost of sales                    (52.8)   (500.3)      (43.1)  (596.2)  (488.8)

Gross profit                       18.5     117.1        14.2    149.8    123.6
Operating expenses               (14.6)    (75.3)      (10.3)  (100.2)   (82.3)

Group operating profit              3.9      41.8         3.9     49.6     41.3

Operating profit before             5.7      42.0         3.9     51.6     41.4
goodwill amortisation

Goodwill amortisation             (1.8)      (0.2)          -    (2.0)    (0.1)

Share of operating                                                   -      0.3
profit of associate

Total operating profit:    1                                      49.6     41.6
group and share of
associate

Loss on sale of business   2                                     (1.5)        -

Profit on sale of fixed    2                                         -      0.4
asset investments

Profit on ordinary                                                48.1     42.0
activities before
interest

Interest                                                         (7.4)    (4.0)

Profit on ordinary                                                40.7     38.0
activities before
taxation

Taxation                                                        (11.0)   (10.6)

Profit on ordinary                                                29.7     27.4
activities after
taxation

Minority interests                                                   -    (0.1)

Profit for the year                                               29.7     27.3

Dividends                  3                                    (15.0)   (16.3)

Retained profit for the                                           14.7     11.0
year

Earnings per share         4
- basic and fully                                                18.7p    16.4p
diluted

- before goodwill                                                21.0p    16.2p
amortisation and
exceptional items

The above results arise from continuing activities




Consolidated balance sheet

At 31 December 2000
                                                               2000       1999
                                                    Note   £million   £million

Fixed assets
Intangible assets                                              39.3        3.3
Tangible assets                                               195.0      182.7
Investments:
     Investment in associate                                      -        8.3
     Other investments                                          9.5          -
                                                              243.8      194.3

Current assets
Stocks                                                        127.9      115.3
Debtors                                                       137.9      118.5
Investments                                                     0.1        1.0
Cash                                                            5.1        4.4
                                                              271.0      239.2
Creditors falling due within one year                       (226.6)    (151.7)
Net current assets                                             44.4       87.5

Total assets less current liabilities                         288.2      281.8
Creditors falling due after more than one year               (31.5)     (29.4)
Provisions for liabilities and charges                        (8.9)     (10.6)
Minority interests                                            (3.3)      (3.3)
Total net assets                                              244.5      238.5

Capital and reserves
Share capital                                                  38.7       41.6
Share premium account                                          56.0       56.0
Capital redemption reserve                                      4.4        1.5
Profit and loss account                                       145.4      139.4
Equity shareholders' funds                             5      244.5      238.5



Consolidated cash flow statement

For year ended 31 December 2000
                                                                  
                                                                   2000    1999
                                                       Note       
                                                               £million £million

Net cash inflow from operating activities                 6        70.2    63.5

Returns on investments and servicing of finance
Dividends received                                                  0.4     0.4
Interest paid                                                     (8.2)   (4.7)
Interest received                                                   0.5     0.3
Net cash outflow from returns on investments and                  (7.3)   (4.0)
servicing of finance
Taxation                                                         (10.6)  (12.9)
Capital expenditure and financial investment
Sale of tangible fixed assets                                       6.8     1.5
Government grants received                                          0.8     0.7
Sale of fixed asset investments                                       -     5.4
Purchase of fixed asset investments                               (1.2)   (4.6)
Purchase of tangible fixed assets                                (43.0)  (34.0)
Net cash outflow from capital expenditure and financial          (36.6)  (31.0)
investment
Acquisitions and disposals
Purchase of businesses                                           (39.8)   (3.2)
Sale of business                                                    0.8       -
Net cash outflow from acquisitions and disposal                  (39.0)   (3.2)
Ordinary dividends paid                                          (15.3)  (16.3)
Net cash outflow before liquid resources and financing           (38.6)   (3.9)
Management of liquid resources
Purchase of current asset investments                             (0.3)   (1.3)
Sale of current asset investments                                   1.6     2.0
Net cash inflow from management of liquid resources                 1.3     0.7
Financing
Purchase of own shares                                           (12.4)       -
New loans                                                             -     0.4
Loan repayments                                                   (1.2)   (1.0)
Finance lease repayments                                          (1.9)   (0.9)
Net cash outflow from financing                                  (15.5)   (1.5)
Decrease in cash                                         7       (52.8)   (4.7)




Notes to the financial statements

1.     ANALYSIS OF TURNOVER AND OPERATING PROFIT
                                                          2000            1999
Turnover                                              £million        £million

By Sector
Electronic                                               434.0           302.6
Electrical                                               254.7           252.5
To be discontinued                                        57.3            57.3
                                                         746.0           612.4




                    Acquisition           To be discontinued     2000     1999
                       £million £million            £million    Total    Total
By Origin                                                    £million £million

United Kingdom              3.0    407.8                50.0    460.8    441.7
Rest of Europe             15.3     91.5                 7.3    114.1     81.3
North America              30.1     82.6                   -    112.7     58.7
Rest of the World          22.9     35.5                   -     58.4     30.7
                           71.3    617.4                57.3    746.0    612.4

By Destination
United Kingdom              2.4    264.4                43.1    309.9    307.7
Rest of Europe             20.8    177.4                 8.5    206.7    152.0
North America              23.8    105.1                 2.2    131.1     76.8
Rest of the World          24.3     70.5                 3.5     98.3     75.9
                           71.3    617.4                57.3    746.0    612.4




Operating Profit                                               2000        1999
                                                           £million    £million

By Sector
Electronic                                                     42.1        25.7
Electrical                                                      5.6         9.9
To be discontinued                                              3.9         6.1

Operating profit before goodwill amortisation                  51.6        41.7
Goodwill amortisation                                         (2.0)       (0.1)
Total operating profit                                         49.6        41.6


                               Acquisition                To be   2000     1999
                                  £million         discontinued  Total    Total 
                                          £million     £million
By Origin                                                     £million £million

United Kingdom                           -    14.1          3.1   17.2     22.7
Rest of Europe                         0.9     9.0          0.8   10.7      6.2
North America                          1.8    14.5            -   16.3      9.5
Rest of World                          3.0     4.4            -    7.4      3.3

Operating profit before                5.7    42.0          3.9   51.6     41.7
goodwill amortisation
Goodwill amortisation                (1.8)   (0.2)            -  (2.0)    (0.1)
Total operating profit                 3.9    41.8          3.9   49.6     41.6



The Group has changed its reporting by Sector into that shown above.
Electronic comprises automotive systems, magnetics, printed circuit boards and
electronic manufacturing services, resistors and sensors. Electrical comprises
generator sets, power and data transmission cables and accessories and
uninterruptible power supplies. The results have been reported accordingly in
this note. Comparative figures have been restated. The effect of this
restatement is not considered to be significant. The results of BI
Technologies, acquired during the year, are included in the Electronic Sector.
The businesses to be discontinued are the glass container businesses
previously reported in the packaging and other sector results and James
Gibbons Format Limited previously reported in the industrial sector results.

2.     EXCEPTIONAL ITEMS

Exceptional items comprise the loss on sale of the stress analysis business of
£1.5 million including goodwill previously written off to reserves of £1.0
million and in 1999 the profit on sale of fixed asset investments.



3.     DIVIDENDS
                                                  2000   1999      2000     1999
                                                 pence  pence  £million £million
                                                   per    per  
                                                 share  share  
                                                        
Equity
Ordinary dividends
- Interim, paid                                   3.69   3.69       5.7     6.1
- Final, proposed                                 6.36   6.10       9.9    10.2
                                                 10.05   9.79      15.6    16.3
Reduction in 1999 final dividend payment                          (0.6)       -
due to share buy back
                                                 10.05   9.79      15.0    16.3



4.      EARNINGS PER SHARE
                                                                   2000    1999
                                                                  pence   pence
                                                                    per     per
                                                                  share   share
Earnings per share
Basic and fully diluted                                            18.7    16.4
Before goodwill amortisation and exceptional items                 21.0    16.2



Earnings per share has been calculated by dividing the profit attributable to
shareholders by the weighted average number of shares in issue during the
period. The numbers used in calculating basic and fully diluted earnings per
share are reconciled below.

An adjusted earnings per share has also been presented based on the profit
attributable to shareholders before goodwill amortisation and exceptional
items. The effect of these items on earnings is reconciled below.

                                                                   2000     1999
                                                               £million £million
Net profit for the period attributable to
shareholders
Earnings basic and fully diluted                                   29.7     27.3
Goodwill amortisation                                               2.0      0.1
Exceptional items                                                   1.5    (0.4)

Earnings before goodwill amortisation and                          33.2     27.0
exceptional items

                                                                   2000     1999
                                                               £million £million

Weighted average number of shares in issue
Basic                                                             158.4    166.4
Adjustment for share options                                        0.3        -
Fully diluted                                                     158.7    166.4



5.     RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS FUNDS
                                                                  2000      1999
                                                              £million  £million

Profit for the year                                               29.7      27.3
Exchange differences on net foreign currency investments           2.7     (0.8)
Total recognised gains and losses                                 32.4      26.5
Dividends                                                       (15.0)    (16.3)
Share buy back                                                  (12.4)         -
Goodwill on disposals                                              1.0         -
Net addition to shareholders' funds                                6.0      10.2
Opening shareholders' funds                                      238.5     228.3
Closing shareholders' funds                                      244.5     238.5




6.     RECONCILIATION OF GROUP OPERATING PROFIT TO NET CASH INFLOW
       FROM OPERATING ACTIVITIES

                                                                 2000       1999
                                                             £million   £million

Total operating profit                                           49.6       41.6
Depreciation                                                     33.0       28.3
Amortisation                                                      2.0        0.2
Government grants credited to profit                            (0.7)      (0.7)
Profit on sale of tangible fixed assets                         (0.9)      (0.4)
Share of profits of associated undertaking                          -      (0.3)
(Increase) in stocks                                            (7.4)     (11.9)
(Increase)/decrease in debtors                                 (10.0)        9.1
Increase/(decrease) in creditors                                  3.4      (2.7)
(Profit)/loss on disposal of current asset investments          (0.4)        0.4
Movement on pension prepayments and accruals                      0.3        0.2
Exchange translation differences                                  1.3      (0.3)
Net cash inflow from operating activities                        70.2       63.5




7.     RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT

                                                 Short term   Loans and
                                      Net cash/ investments     finance      Net
                                    (overdraft)    £million       lease     debt
                                      £million              obligations £million
                                                               £million
                                                              

Balance at 31 December                   (16.0)         1.0      (27.5)   (42.5)
1999

Cash flow                                (52.8)       (1.3)         3.1   (51.0)

Exchange differences                      (4.1)           -           -    (4.1)

Other non cash movements                      -         0.4           -      0.4

Balance at 31 December                   (72.9)         0.1      (24.4)   (97.2)
2000





8.     BASIS OF PREPARATION

The information above which does not constitute full financial statements
within the meaning of S240 CA 1985 is extracted from the audited financial
statements of TT Group PLC for the year ended 31 December 2000 which:


  * have been prepared on a basis consistent with the accounting policies
    set out in the annual report for the year ended 31 December 1999 as filed
    with the Registrar of Companies.

  * were approved by the Directors on 23 March 2001

  * carry an unqualified audit report which did not contain any statements
    under S237 CA 1985

  * will be posted to shareholders and available to the public in April 2001

  * will be filed with the Registrar of Companies following the Annual
    General Meeting on 10 May 2001