Trading Statement

Velosi Limited
23 July 2007



                                                                    23 July 2007


                                 Velosi Limited

                   Trading Update and Notification of Results

Velosi Limited ('Velosi' or the 'Group'), a provider of asset integrity and HSE
services to a number of major national and multinational oil and gas companies,
is pleased to provide an update on trading for the half year ending 30 June
2007.

Velosi continues to pursue its strategy of entering new geographic markets and
it now operates through 4 principal offices in the USA, the UK, Malaysia and the
UAE, and has operational or representative offices in a further 34 countries
worldwide.

Market conditions remain positive with substantial investment in long-term
global oil and gas infrastructure projects continuing. International awareness
of the importance of quality control and quality assurance in the oil and gas
sector has increased following high profile equipment and infrastruture failures
during 2006. These factors, together with the continued strength of oil prices,
underpin the Board's belief that the Company is well positioned to continue to
deliver shareholder value. Trading is in line with market expectations.

Velosi will be announcing its Interim Results for the six months ended 30 June
2007 on 24 September 2007.


                                    - End -



For further information, please contact:

Velosi                           Dr Nabil Abdul Jalil         020 7930 0777
                                 Joe Vincent

Strand Partners                  James Harris                 020 7409 3494
                                 Warren Pearce

Charles Stanley Securities       Mark Taylor                  020 7149 6000
                                 Freddy Crossley

Cardew Group                     Tim Robertson                020 7930 0777
                                 Emma Consett




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