Interim Results

Buckland Investments PLC
17 October 2000


BUCKLAND INVESTMENTS PLC

Results for the six month period ended 30 June 2000


Chairman's Statement

I present the interim results for Buckland for the six month period ended 30th
June 2000. The results show a consolidated loss before tax of £633,000 on sales
of £3.601m, equivalent to a loss per share of 4.11 pence. No interim dividend is
proposed.


Trading

Sales for the first half of the year were ahead of our budget and some 12%
higher in sterling terms compared with the corresponding period of last year. As
in the second half of 1999, demand for SCART connectors for the European market
was particularly strong. Price competition in Europe was noticeably less
aggressive than in previous periods but remained an issue in the Far East in the
market for CRT sockets for computer monitors.

The second half of the year is seeing continuing high levels of demand for
SCARTS and CRT sockets and our sales are also benefiting from the introduction
of a range of power input sockets, the first deliveries of which were sent to
customers in August.


Restructuring Costs

During the first half of the year we completed the transfer of all manufacturing
operations from France to Thailand and, as anticipated, also completed the sale
of the freehold premises in Vitry at the end of July for a total consideration
of some £230,000, equivalent to the fair value in the group's balance sheet.

The redundancy costs arising out of the closure of the French factory amount to
some £283,000 and this has been charged to the interim Profit and Loss account.
During the first half of the year we also incurred the one-off expense, of
around £100,000, of running the new factory in Thailand in parallel with the old
in France. In addition, various short term logistical problems relating mainly
to the transfer of manufacturing to Thailand necessitated the heavy use of air
freight during the first half, adding a further £300,000 to our costs for the
period.


Financing

Overall net bank debt increased slightly over the first half of of 2000, with an
increase in the factoring of receivables being largely offset by a further
reduction in bank loans in France.


Outlook

The second half of the year is benefiting from the reduced cost base now that
all manufacturing is in Thailand and from strong demand. As a result our
underlying trading performance is improving. However, we will not be able to
recover over the remainder of the year all the £583,000 of redundancy and excess
air freight costs incurred in the first half.

Disappointingly, therefore we expect to report a loss for the full year.
However, we do anticipate that 2001 will see a much improved performance.


Patrick Rogers
Chairman



BUCKLAND INVESTMENTS PLC

Interim Report

Consolidated profit and loss account for the six month period ended 30 June 2000

                                   Unaudited      Unaudited
                                   Six month      Six month      Twelve month
                                  Period ended   Period ended    Period ended
                                    30 June        30 June       31 December
                                      2000           1999            1999
                                     £'000          £'000           £'000

Turnover                             3,601          3,201           6,929

Operating (loss)/profit               (281)            79            (211)

Exceptional items
Reorganisation costs                  (283)             -               -

(Loss)/profit before interest         (564)            79            (211)

Net interest payable                   (69)           (57)           (145)


(Loss)/profit on ordinary 
 activities before taxation           (633)            22            (356)

Taxation                                 -            (14)             54



(Loss)/profit on ordinary 
 activities before taxation           (633)             8            (302)

Minority Interests                       -            (18)             63


Retained (loss)/profit for 
 the period                           (633)           (10)           (239)


Loss per ordinary share

Basic                                (4.11)p        (0.08)p         (1.87)p



BUCKLAND INVESTMENTS PLC


Interim Report

Notes to the Interim Results

1.   The consolidated profit and loss account incorporates the unaudited        
    results of Buckland Investments Plc and all of its subsidiary undertakings  
   made up to 30 June 2000, and have been prepared on a basis consistent with   
  the accounting policies set out in the audited financial statements for       
 the year ended 31 December 1999.

2.   This interim Report was approved by the board of directors on 16 October   
    2000.

     This interim financial information has not been audited nor reviewed under
     Bulletin 99/4 of the Auditing Practices Board. The interim financial
     information does not comprise statutory accounts as defined in Section 240
     of the Companies Act 1985.
     
     The financial information for the year ended 31 December 1999 is an        
    extract from the latest company accounts. The accounts received and         
   unqualified auditors report and have been filed with the Registrar of        
  Companies.

     The financial information for the period ended 30 June 2000 has not been
     subject to review by the auditors.

3.   Copies of this Interim Report are being sent to shareholders and are       
    available from the Company Secretary at McFadden, Pilkington & Ward, City   
   Tower, 40 Basinghall Street, London EC2V 5DB.